Definition of "Sinking fund"

Susan Horsman real estate agent
Susan Horsman, Real Estate Agent Charles Rutenberg Realty, Inc

Money set aside to pay for losses. Rather than buy insurance coverage for all potential losses, some businesses and individuals choose this form of self insurance to cover all or a portion of certain losses.

Have a question or comment?
We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 
 

 

Popular Insurance Terms

Popular Insurance Questions