old sinking fund
英 [əʊld ˈsɪŋkɪŋ fʌnd]
美 [oʊld ˈsɪŋkɪŋ fʌnd]
旧偿债基金
双语例句
- When the British won a battle, investors anticipated the day that the government would stop issuing new bonds and turn to buying old ones via the sinking fund. Rates fell and values rose.
当大英帝国赢得了一场战争的时候，投资者们就会预期政府将停止发行新的债券，他们就会通过偿债基金购买以前发行的债券，债券的利率就会下降，债券的资本价值就会上升。