unfunded debt

/ ʌnˈfʌndɪd /

noun

1. a short-term floating debt not represented by bonds

Example Sentences

Guerrero has attempted to make up ground by criticizing the way the state is handling its debt and the large amounts of unfunded debt of the California State Teachers’ Retirement System, or CalSTRS, and the California Public Employees’ Retirement System, or CalPERS, which manage pensions for California public school educators and other public employees.

From Los Angeles Times

He has attempted to make up ground by criticizing the way the state is handling its debt, credit rating and the large amounts of unfunded debt of CalSTRS and CalPERS, which manage pensions for California public school educators and other public employees.

From Los Angeles Times

Among other things, Missouri GOP lawmakers pointed to Illinois’ public pension system, which has $138 billion in unfunded debt.

From Washington Times

Independent consultants said last month that the system has more money and less unfunded debt since the legislature decided to fully fund the system’s budget request.

From Seattle Times

Independent consultants said last month that the system has more money and less unfunded debt since the legislature decided to fully fund the system’s budget request.

From Washington Times