• WordNet 3.6
    • adj unfunded not furnished with funds "an unfunded project"
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Century Dictionary and Cyclopedia
    • unfunded Not funded; floating: as, an unfunded debt. See fund, transitive verb, and funded. The unfunded debt of the United Kingdom exists in the form of exchequer bills and bonds, treasury bills, etc., issued by the government when it desires to raise money for temporary purposes, all bearing interest at fixed rates, and due at specified times; while the funded debt of that country is properly no debt at all, the government being under no obligation to repay the principal sum represented by the stock, but only to pay the interest thereon, for the due performance of which a fund consisting of the product of certain taxes or sources of revenue is set aside.
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Chambers's Twentieth Century Dictionary
    • adj Unfunded un-fun′ded not funded, floating, as a public debt.
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In literature:

The misrepresentation of the increase of the peace establishment is still more extraordinary than that of the interest of the unfunded debt.
"The Works of the Right Honourable Edmund Burke, Vol. I. (of 12)" by Edmund Burke
Of this amount, $541,340,090 consisted of funded debt, and the balance unfunded debt, or Treasury notes.
"The Rise and Fall of the Confederate Government, Vol. 1 (of 2)" by Jefferson Davis
This is not all; these debts are hitherto unfunded.
"The Diplomatic Correspondence of the American Revolution, Vol. XI" by Various
These bills pass from hand to hand as money, and form part of the public unfunded debt of Great Britain.
"The New Gresham Encyclopedia" by Various
The ancient name of the national banking account has been attached to two of the forms of unfunded national debt.
"Encyclopaedia Britannica, 11th Edition, Volume 10, Slice 1" by Various
What is called the unfunded debt of Great Britain, is contracted in the former of those two ways.
"An Inquiry Into the Nature and Causes of the Wealth of Nations" by Adam Smith

In news:

When it comes to the state's unfunded government employee health and pension benefits liability (of which Maui County owes a portion), Hawaii is not the only state to have such a massive problem.
There has been considerable attention lately to the " unfunded liability" the State of New Jersey has for pensions and retiree health care promised to present and former state workers.
Keep unfunded mandates to yourself, task force advises lawmakers.
Back in February, Gov Rick Perry appointed a Task Force on Unfunded Mandates in response to complaints from local elected officials.
The reworking of an unfunded state mandate on school busing may mean a break for East Hampton taxpayers at the end of the next budget year.
Unfunded Mandates Bills Receive First Hearing.
CENTERBURG — On Monday, the Centerburg Board of Education passed a symbolic resolution opposing unfunded state and federal mandates.
I only say this because I am against a State Legislative procedure commonly known as an " unfunded mandate" that will require the county to give its magistrates about $72,000 in raises next year.
As Republicans escalate their assault on the benefits and livelihoods of public sector workers, they continue to point to so-called " unfunded " pension programs as a symbol of broken government.
But how did these pensions become " unfunded " in the first place.
Teacher raise called ' unfunded mandate.
Paterson calls for halt on unfunded mandates.
Colonie Town Supervisor Paula Mahan said she is looking forward to the elimination of unfunded mandates for the next four years, after Gov David Paterson proposed such a move in his budget presentation on Tuesday, Jan 19.
In February, Governor Perry established the Task Force on Unfunded Mandates to identify unfunded mandates that are passed down to local governments and to make recommendations on how to limit those mandates.
Committee Addressing Unfunded Mandate Concerns.

In science:

In a more general context, a strong distinction between funded and unfunded products is needed: because of the presence of liquidity and credit issues, basic funded products like simple deposits cannot be used to infer a risk-free discounting curve.
Interest-Rate Modeling with Multiple Yield Curves
On the other hand, unfunded and collateralized products like IRS have cash-flows depending on rates like EURIBOR which embed by their definition a credit risk.
Interest-Rate Modeling with Multiple Yield Curves