See Also: FUNDING SYSTEM, Eng(law)
Funding(money)
FundING(finance)
Funding(medicine)
funding(dictionary)
Equity funding(money)
Evergreen funding(money)
Equity funding(finance)
Evergreen funding(finance)
Funding risk(money)

FUNDING SYSTEM, Eng (law)


FUNDING SYSTEM, Eng. law. The name given to a plan which provides that on the creation of a public loan, funds shall immediately be formed, and the creation of a public loan, funds shall immediately be formed, and secured by law, for the payment of the interest, until the state shall secured by law, for the payment of the interest, until the state shall redeem the whole, and also for the gradual redemption of the capital itself. redeem the whole, and also for the gradual redemption of the capital itself. This gradual redemption of the capital is called the sinking of the debt, This gradual redemption of the capital is called the sinking of the debt, and the fund so appropriated is called the sinking fund. and the fund so appropriated is called the sinking fund.