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English definition of “unfunded”

unfunded

adjective
 
 
/ˌʌnˈfʌndɪd/
FINANCE used to describe a financial arrangement that has been agreed but for which there is not enough money available: The unfunded liability for Social Security's old age and disability funds will be $3 trillion by 2070.
(Definition of unfunded from the Cambridge Business English Dictionary © Cambridge University Press)
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