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Tuesday, July 28, 2020 | History

4 edition of To repeal the sinking-fund provision. found in the catalog.

To repeal the sinking-fund provision.

United States. Congress. House. Committee on Ways and Means

To repeal the sinking-fund provision.

by United States. Congress. House. Committee on Ways and Means

  • 216 Want to read
  • 4 Currently reading

Published by [s.n.] in Washington .
Written in English

    Subjects:
  • Revenue,
  • Expenditures, Public,
  • Debts, Public

  • Edition Notes

    Other titlesUse of surplus funds for reduction of public debt
    SeriesH.rp.1541
    The Physical Object
    FormatElectronic resource
    Pagination3 p.
    ID Numbers
    Open LibraryOL18294795M

    On March 2, , the Platt Amendment was passed as part of the Army Appropriations Bill. It stipulated seven conditions for the withdrawal of United States troops remaining in Cuba at the end of the Spanish–American War, and an eighth condition that Cuba sign a treaty accepting these seven defined the terms of Cuban–U.S. relations essentially to be an unequal one of U.S. A sinking fund is usually more specific than a savings account since you know exactly how much you’ll put in and when you’ll use it. It all comes down to being intentional. If you’re saving for a new car, next year’s vacation, your anniversary gifts, your son’s retainer, and your Christmas presents all in the same savings account.

    Setting up the sinking fund. The initial contribution to the sinking fund shall be recorded as follows: a To set up Reserve for Retirement of Preferred Stock Undivided Profits/Surplus Free xxx Other Surplus Reserves – Reserve for Retirement of Preferred Stock xxx To transfer from free to restricted Surplus the amount set up as reserve for. The Federal budget which goes to Congress next week is expected to carry about $2,,, for the "ordinary" expenditures of the Government.

    Series B, C and D (series A having already been completely redeemed by the action of the sinking fund) were replaced by the creation of new 4% bonds to a nominal amount of £T32,,, with a sinking fund of % per annum, bearing identical rights and privileges, . to maturity without some sinking fund provision the people of will probably be obliged to finance not merely the maturing bonds but an additional amount sufficient to rebuild the plant from top to bottom. It is by such short-sighted methods that govern-ments, and more especially local municipal governments, run into disastrous debt.


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To repeal the sinking-fund provision by United States. Congress. House. Committee on Ways and Means Download PDF EPUB FB2

A sinking fund is an account a corporation uses to set aside money earmarked to pay off the debt from a bond or other debt issue. The fund gives bond investors an added element of security.

A sinking fund is a fund established by an economic entity by setting aside revenue over a period of time to fund a future capital expense, or repayment of a long-term debt. In North America and elsewhere where it is common for public and private corporations to raise funds through the issue of bonds, the term is normally used in this r, in the United Kingdom and elsewhere where.

sinking fund provision: A requirement for certain bond issuers to buy back a portion of its debt at regular intervals.

The bonds can be bought by the issuer on the secondary market or directly from bond holders. A sinking fund provision will be disclosed in the indenture.

See Refunding Risk; Callable Bond. Sinking Fund Provision A provision in some bond indentures requiring the issuer to put money aside to repay bondholders at maturity. In bonds with such a provision, a fund or account is set up into which an issuer deposits money on a regular basis to repay the bond when it matures.

See also: Sinking Fund Bond. To repeal the sinking-fund provision. book fund provision A stipulation in. A sinking-fund provision is a requirement that the firm retire a certain amount of the bond issue each year.

This reduces the payments necessary at maturity and therefore can reduce the risk of investors. Sinking Fund Call: A provision allowing a bond issuer the opportunity to buy outstanding bonds from bondholders for a set rate, using money (a sinking fund) from the issuer's earnings saved.

An Act to repeal the National Debt Sinking Fund Actand for related purposes [Assented to 5 July ]The Parliament of Australia enacts: Short title. This Act may be cited as the National Debt Sinking Fund Repeal Act Commencement. This Act commences immediately after the Financial Agreement Act commences.

Interpretation. The Advantages of the Presence of a Sinking Fund. Despite its dismal-sounding name, a sinking fund actually confers advantages to bond investors. A sinking fund is money or negotiable securities. 加速偿债基金条款(Accelerated Sinking Fund Provision)允许债务人选择偿付超出偿债基金条款约定金额的还款额。债务人经常在利率下跌至低于票面利率时动用此附加条件(Embedded Option),以求在无法赎回债券的情况下可以先偿还部分。.

Sinking fund, fund accumulated and set aside by a corporation or government agency for the purpose of periodically redeeming bonds, debentures, and preferred fund is accumulated from earnings, and payments into the fund may be based on either a fixed percentage of the outstanding debt or a fixed percentage of profits.

Sinking funds are administered separately from the corporation. A sinking fund is a reserve set aside by a business that issues stocks or bonds to help repay potential future liabilities. By having these funds set aside, a company can choose to retire shares of preferred stocks and outstanding bond issues in the future.

A sinking fund is money that is put aside periodically to cover the cost of major long-term expenses. Generally it will not be used to cover day-to-day maintenance from wear and tear.

In Memorandum VHU 2/02 Capital Funding Schemes for the Provision of Rental Accomodation by Approved Housing Bodies (commonly known as the Green Memorandum) gave a. Call Provisions and Sinking Fund Provisions; Bonds more or less risky. Call provision - A provision on a bond or other fixed-income instrument that allows the original issuer to repurchase and retire the bonds.

If there is a call provision in place, it will typically come with a time window under which the bond can be called, and a specific price to be paid to bondholders and any accrued. There are several ways of answering this. The simplest is a general-purpose explanation that isn’t related to financial instruments like stocks and bonds.

The general-purpose explanation:— * A sinking fund is for paying a future lump-sum expense. sinking fund: Reserved created by periodically setting aside certain sums in a custodial account (as cash or investment in marketable securities) for future replacement of an asset or repayment of a liability.

Please note, the below article provides general rules that will vary from state to state. Sinking funds and other levies are the primary means by which strata management funds the upkeep, improvement, and replacement of shared and common property across lots.

These funds are contributed by lot owners towards the expenditures necessary for the communal space they’ve bought a portion of, and. The guide to sinking funds A sinking fund is a long-term savings account that homeowners contribute to every month through service charges.

This builds up every year and should pay for any major works that are required over a period of time - such as the painting of communal areas or replacement of a roof.

A sinking fund is put in place to cover the cost of repairs, renewals and replacements, from the upkeep of fencing to the replacement of roofs. For example, if a tile were to fall off the roof the service charge would cover the cost of repairing the tile, whereas the sinking fund would cover the cost of replacing the entire roof when the time.

Full text of "Sinking funds, reserve funds, and depreciation" See other formats. Sinking fund. — (1) An owners’ management company shall establish a building investment fund (in this Act referred to as a “sinking fund”) for the purpose of discharging expenditure reasonably incurred on— (a) the refurbishment, (b) improvement, (c) maintenance of a non-recurring nature, or.

§ Repeal or Expiration of Code Section § Amending Code § Altering Code § Penalty Where No Penalty Provided § General Penalty; Continuing Violation § Catchlines of Sections § Severability of Code Sections § Effect of Repeal of Ordinance or Resolution § Continuation of Existing Ordinance and.such as preferred stock.

The creation of a sinking fund is a method of amortization or extinguishment of a debt not yet matured, and is as binding on the debtor organization (obligor) as any other provision of the contract.

A sinking fund is usually placed in the hands of a sinking fund trustee named under the terms of a mortgage deed.A sinking fund policy has also been labelled as an endowment policy in the industry but it is, strictly speaking, a different type of policy.

Section 1 of the Long-term Insurance Act defines a 'sinking fund policy' as a policy, excluding a life policy, which provides one or more.