Sinking fund
Market basicsMoney set aside monthly for a large expense known to be coming.
In plain terms
Last year's festival and wedding spending, divided by twelve. It turns three annual crises into a transfer you already made.
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Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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