Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “federal funds”

federal funds

noun [plural]
 
 
(also fed funds) GOVERNMENT, FINANCE
money that the US government makes available for each state to pay for projects or research: Local taxes fund $4.7 billion of spending on schools, with state and federal funds providing the rest. Many of the housing projects in the area were built with federal funds and tax credits.$70,000/$2 million/5.5 billion, etc. in federal funds The national laboratory is spending $60 million this year in federal funds on advanced biodetection systems.use/receive/lose federal funds The proposal would offer states flexibility in using federal funds to expand health insurance coverage.
in the US, money that banks give to federal reserve banks to lend to other banks who need it: federal funds (interest) rate The Fed has taken the decision to cut both the discount rate and the federal funds rate a quarter point. → Compare state funds
(Definition of federal funds from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of federal funds?
Add Cambridge dictionaries to your browser to your website

Word of the Day

bright spark

a person who is intelligent, and full of energy and enthusiasm

Word of the Day

Highly delighted, bitterly disappointed, ridiculously cheap: adverbs for emphasis.

by Liz Walter,
October 22, 2014
We often make adjectives stronger by putting an adverb in front of them. The most common ones are very and, for a stronger meaning, extremely: He was very pleased. The ship is extremely large. However, we don’t use very or extremely for adjectives that already have a strong meaning, for example fantastic,

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More