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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 Edmund Burke

The next year, 1785, Pitt completed the funding of unfunded debt, choosing according to his principle the 5 per cents. which, though entailing an immediate loss, afforded an easy means of paying off debt.

From The Political History of England - Vol. X. The History of England from the Accession of George III to the close of Pitt's first Administration by Reginald Lane Poole

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