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funded debt

   Also found in: Financial 0.03 sec.
funded debt
n
(Economics, Accounting & Finance / Banking & Finance) the part of the national debt, consisting mostly of consols, that the government has no obligation to repay by a specified date


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Calls to the government funded debt advice telephone service, the National Debtline, have increased by 40 per cent since 2007, and demand for Business Debtline, the service specifically for business, has doubled.
Banks noted that because of the hardships posed by shifts in the Medicare reimbursement system, Beverly lowered capital costs and worked to reduce total funded debt.
The series 2009A bonds are secured by all incremental property taxes in the development site, local sales tax revenues derived from the northern portion of the project area, and a cash funded debt service reserve fund; series 2009-1 and 2009-2 bonds are secured by a separate trust indenture and are additionally secured by all state sales taxes within the project area, the local sales tax within the southern portion of the project area, and a cash-funded debt service reserve fund.
 
 
 
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