funded debt

noun

1. a debt, as in the form of bonds, having a long period of maturity.

funded debt

noun

1. the part of the national debt, consisting mostly of consols, that the government has no obligation to repay by a specified date

Word History and Origins

Origin of funded debt¹

First recorded in 1810–20

Example Sentences

When the world was again at rest the funded debt of England amounted to eight hundred millions.

From Project Gutenberg

That the entire funded debt of the United States was long since paid is matter of history.

From Project Gutenberg

The national banks to-day hold for this purpose about two-thirds of the total funded debt of the United States.

From Project Gutenberg

The interest of the national funded debt is paid at the bank in the same kind of paper in which the taxes are collected.

From Project Gutenberg

Most of the funded debt of the United States was represented by five-twenty bonds.

From Project Gutenberg