| | InvestHub.com's
Finance Dictionary and Glossary of Investment Terms
Purchase fund
Definition 1.
Resembles a sinking fund, except that money is used to purchase bonds only if they are selling below their par value.
|
Definition 2.
A feature in some bond indentures and preferred stock that requires the issuer to make an effort to purchase a specified amount of securities only if they fall below a stipulated price (usually par value).
|
|
|