Welcome to the 1520 Perfect Dictionary
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| Sinking fund | |
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| SINKING FUND Definition: Money set aside regularly to repay a long-term debt. ______________________________________________________________________ * All six elements should be in. 1. Purposeful and necessary to make arrangement. 2. Appropriately authorized to be made available. 3. Source or sources of credits will be legitimate. 4. The amount of money will be considered as adequate. 5. Controlled strictly - no likelihood of mismanagement. That is, availability and affordability and efficiency will be ensured by the professional way that sum of money will be managed, disbursed, etc. 6. Serves purpose(s) or achieves objective(s); 'inexhaustible' - however long it takes to liquidate the debt, whatever the overhead costs and/or rate of interest, and/or the use(s) to which the initial loan was put. _______________________________ See perfect DEBT (2). ______ See perfect REPAYMENT (1). ______ See perfect INDEBTEDNESS (1). | |
1520 Products |
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1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
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 1520 Sex Game |
 1520 Puzzles |
 1520 Marriage Game |