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Sinking fund requirement

• A restrictive provision that is often included in a bond indenture providing for the systematic retirement of bonds prior to their maturity.

• A condition included in some corporate bond indentures that requires the issuer to retire a specified portion of debt each year. Any principal due at maturity is called the balloon maturity.

 
 

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 Embedded terms in definition
 Balloon maturity
Bond indenture
Bond
Corporate bond
Debt
Indenture
Issuer
Maturity
Principal
Retire
Systematic
 
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