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unfunded debt

British  
/ ʌnˈfʌndɪd /

noun

  1. a short-term floating debt not represented by bonds

"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

Example Sentences

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The new law calls for sweeping changes to pay off the pension’s $32 billion unfunded debt within 30 years.

From Seattle Times Jun. 4, 2018

It has a $32 billion unfunded debt by one accounting measure, $50 billion by another.

From Seattle Times May 11, 2018

It’s expected to cut public sector retiree benefits and increase contributions to pay off the unfunded debt.

From Washington Times May 9, 2018

For when the scanty provision made for the unfunded debt is to be vindicated, then we are told it is a very small part of that debt which carries interest.

From The Works of the Right Honourable Edmund Burke, Vol. 01 (of 12) by Burke, Edmund

The misrepresentation of the increase of the peace establishment is still more extraordinary than that of the interest of the unfunded debt.

From The Works of the Right Honourable Edmund Burke, Vol. 01 (of 12) by Burke, Edmund

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