Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. A fund accumulated to pay off a corporate or public debt.

from the GNU version of the Collaborative International Dictionary of English

  • See under Fund.
  • n. the aggregate of sums of money set apart and invested, usually at fixed intervals, for the extinguishment of the debt of a government, or of a corporation, by the accumulation of interest.

from The Century Dictionary and Cyclopedia

  • n. See fund.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. a fund accumulated regularly in a separate account and used to redeem debt securities

Etymologies

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