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funded debt

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noun

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

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Origin of funded debt

First recorded in 1810–20
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
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