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The city council created a sinking fund to accumulate revenue over the next decade and pay off the municipal bonds.
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The city council created a sinking fund to accumulate revenue over the next decade and pay off the municipal bonds.
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Related words
sinking fund
Noun
Japanese Meaning
(財務)経済主体が、将来の設備投資や長期債務の返済のために、一定期間にわたって収益の一部を積み立てるために設立した基金
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