Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: jbe who wrote (21669)	5/8/1998 12:12:00 AM
From: papi riqui	Read Replies (2) of 95453

Joan, Pardon my intrusion on your colloquy with Chuzzy (perhaps I should say soliloquy as he appears to be catnapping), but you asked: Sinking funds? Excuse my ignorance, but what's that? A sinking fund is literally a fund in which assets (cash) are set aside on a regular basis for, in the case of a loan, paying off the principal when it falls due or, in the case of a bond, the orderly retirement of the bond. Bond sinking fund payments typically are funded by calling a portion of the bonds or by purchasing them in the open market. You can also have a sinking fund, btw, for the redemption of stock, but I suspect that Chuzzy is referring to the loan repayment example. Hope this helps. A fellow D of Cn

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