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

lamb

a young sheep, or the flesh of a young sheep eaten as meat

Word of the Day

The way we move (Verbs for walking and running)

by Kate Woodford,
March 25, 2015
​​​ This week we’re looking at interesting ways to describe the way that people move. Most of the verbs that we’ll be considering describe how fast or slow people move. Others describe the attitude or state of mind of the person walking or running. Some describe both. Starting with verbs for walking slowly,

Read More 

stackin’ p

March 30, 2015
idiom slang earning a lot of money ‘That’s a very generous present.”Yeah, well, she’s stackin’ p, innit?’

Read More