Purchase fund

(redirected from Purchase Funds)

Purchase fund

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

Purchase Fund

A sinking fund where a company sets money aside to repurchase its own securities if their prices fall below par. If the prices fall below par value, the purchase fund enables the company effectively to redeem its securities at a discount. The purchase fund reduces the risk that the company will be unable to redeem its bonds when they mature.
References in periodicals archive ?
7 million at the time of offering the modification from the military branchs fiscal 2015 missile purchase funds and fiscal 2016 space procurement funds.
There are a lot of smaller local authority museums that have larger purchase funds, but the city knows we have the PPGF.
A If you are purchasing an empty property or a new property then you will be entitled to collect your keys and gain access to the property the moment your purchase funds arrive in the sellers' solicitors' bank account.
Each $399 purchase funds a second laptop that goes to a needy child in a developing country.
If they send money overseas, they generally pay a recognized margin or exchange rate at which they purchase funds in that country's currency.
Life planners of an insurance company will be allowed to solicit customers to purchase funds under the new measures.
After $277,000 in land purchase funds were sanctioned by the Board of Transportation in January this year, the Jetport received an email confirmation from NCDOT.
The subject of public procurement is the purchase funds 40 mm illumination (white and infrared) and signal (red and green).