1 Transfer of an individual SAVINGS ACCOUNT OF A âJointâ savings account if it is not an âand/orâ account. 2  Transfer of an individual SAFE DEPOSIT BOX or a safe deposit box in the name of other parties unless the ownership is taken as âorâ.  Transfer of each TITLE OF REAL ESTATE OWNERSHIP.
Sinking Fund Provision. A provision in some bond indentures requiring the issuer to put money aside to repay bondholders at maturity. In bonds with such a provision, a fund or account is set up into which a issuer deposits money on a regular basis to repay the bond when it matures. See also: Sinking Fund Bond.
See: PLEDGED REVENUES. Sinking Fund â A fund into which funds are placed to be used to redeem securities in accordance with a redemption schedule in the bond contract. This term is sometimes used interchangeably with the term âmandatory redemption fund.â See: FLOW OF FUNDS â Mandatory Redemption Fund.