One of the mysteries of the English language finally explained.
A debt in the form of securities with long-term or indefinite redemption.Compare with floating debt
- ‘Net unmatured funded debt of railroads totals about 30% of investment in road and equipment, which means there is over $3.30 invested in road and equipment for every dollar of funded debt.’
- ‘There is no more reason to finance the repayment of this part of the funded debt by a payroll tax than any other part.’
- ‘At the end of the first quarter of fiscal 2003, net funded debt stood at $401 million even after taking into account the $500 million invested over the previous 12 months.’
- ‘Bonds are long-term debt or funded debt, issued by corporations, and governments and their agencies to finance operations or special projects.’
Top tips for CV writingRead more
In this article we explore how to impress employers with a spot-on CV.