https://external-preview.redd.it/r7GhWWtGbqB4x4s30vlR1kYYhezgYrdVw4lwf6iw4B8.jpg?auto=webp&s=e934e9575da3796e4bdd45b4199d37f232bcf539

TIL that the word “sinking” (in “sinking fund”) is the opposite of “floating” (as in “floating a bond”). You raise money by floating a bond, and you repay it from a sinking fund.

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