A Sinking Fund Is a Fund to Which Deposits Are

question 107

True/False

A sinking fund is a fund to which deposits are made each year for the purpose of redeeming a bond issue.

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Definitions:

Temporary Assistance for Needy Families

A government aid program in the U.S. aimed at aiding low-income families to reach financial independence through monetary support and assistance services.

TANF

Temporary Assistance for Needy Families, a government program that provides financial aid to eligible low-income families.

Welfare Payments

Financial assistance payments made by the government to individuals or families, particularly those who are unemployed, disabled, or on low income.

Earned-Income Tax Credit

A returnable tax credit aimed at individuals and families with low to moderate income who work, especially those who have children.