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Glossary > P > "Purchase fund" Definition

Purchase fund

Resembles a sinking fund except that money is used only to purchase bonds if they are selling below their par value.

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Purchase fund - Resembles a sinking fund except that money is used only to purchase bonds if they are selling below their par value.

Purchase fund : resembles a sinking fund except that money is used only to purchase bonds if they are selling below their par value.