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What is meant by sinking fund? - Economics

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प्रश्न

What is meant by sinking fund?

संक्षेप में उत्तर

उत्तर

A sinking fund is a government-created fund that is progressively amassed each year by setting aside a portion of current public revenue in such a way that it will be sufficient to pay off the financed debt when it matures.

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Meaning of Public Revenue
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