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Funded Debt
Source: Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority.)

Bonded debt and other long-term indebtedness of a business corporation, or government or political subdivision thereof, as distinguished from the unfunded floating, or current debt.  The Interstate Commerce Commission defined this term as comprising all bonds or other certificates of indebtedness not maEagle Tradersg for a year or more.

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