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Funding A Debt

Defined in 1 dictionary — Cyclopedic (1922)

The Cyclopedic Law Dictionary

Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922

The pledging of a specific fund to keep down the interest, and ultimately discharge the principal. When the extinguishment of the debt is contemplated, it is called a "sinking fund."