Focus on the pronunciation of federal funds
English definition of “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