Meaning of “unfunded” in the English Dictionary

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"unfunded" in Business English

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unfundedadjective

uk /ˌʌnˈfʌndɪd/ us

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)