funded debt


noun

a debt, as in the form of bonds, having a long period of maturity.

Origin of funded debt

First recorded in 1810–20
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British Dictionary definitions for funded debt

funded debt

noun

the part of the national debt, consisting mostly of consols, that the government has no obligation to repay by a specified date
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012