Also found in: Financial.
Related to funded debt: Unfunded debt
Debt with a fixed rate of interest and a maturity of longer than one year.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
(Banking & Finance) 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 and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014