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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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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

The credit of the state has risen, the chronic deficit has disappeared, the currency has been put on a sound basis, and part of the unfunded debt has been paid off.

From Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 1 "Austria, Lower" to "Bacon" by Various

I have fully demonstrated, to Lord Grenville and Treasury, that eight thousand pounds is absolutely necessary for the clearing off my unfunded debt, without making up for my losses.

From The Letters of Lord Nelson to Lady Hamilton, Vol II. With A Supplement Of Interesting Letters By Distinguished Characters by Nelson, Horatio

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