A Sinking Fund Represent a Series of Payments Made into an Account

question 108

True/False

A sinking fund represent a series of payments made into an account that is dedicated to paying off a bond's principal at maturity.

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Definitions:

Creativity

The use of the imagination or original ideas to create something; a process involving the generation of new, innovative solutions or expressions.

Imaginatively

In a manner that shows creativity or inventiveness, especially in solving problems or creating artistic works.

Sufficient

Enough to meet the needs of a situation or a proposed end.

Practical Intelligence

Refers to the ability to solve everyday problems by utilizing knowledge gained from experience in contrast to academic or book knowledge.