Under a Sinking Fund Provision, Money Is Set Aside Every

question 124

True/False

Under a sinking fund provision, money is set aside every year until the bond matures, and the money is used to purchase bonds from willing sellers.

---

Definitions:

Universal

Describes something that applies to all instances or a concept that is globally accepted or recognized.

Categorical Syllogism

A logical argument that makes use of three categorical statements, including two premises and a conclusion, to demonstrate a relationship between sets or categories.

Categorical Syllogism

A form of deductive reasoning consisting of three parts: a major premise, a minor premise, and a conclusion, each of which is a categorical proposition.

Major Term

In a syllogism, the term that serves as the predicate in the conclusion and is also found in one of the premises.