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

Bankruptcy Court, Joann said it had received about $132 million in new financing and expected to reduce its balance sheet’s funded debt by about $505 million.

From Seattle Times

The company owns approximately $4 billion in funded debt, while making roughly $200 million in annual interest payments, according to Rite Aid financials, which has led to an unstable capital structure.

From Los Angeles Times

It added that despite "painstaking, creative, and exhaustive efforts to right the ship along the way, Bed Bath & Beyond is simply unable to service its funded debt obligations while simultaneously supplying sufficient inventory to its store locations."

From BBC

Under the deal, the supporting noteholders have given the green signal to support the exchange of the unsecured funded debt claims against the company for approximately 48.2% of the equity in the reorganized company, and the right to purchase an additional $1.6 billion of equity.

From Reuters

They have also committed to purchase, or otherwise backstop, the full $1.6 billion of equity being offered to the holders of the company’s unsecured funded debt.

From Reuters