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Funded Debt
Source:
Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority and you can order
it here)
Bonded debt
and other long-term indebtedness of a business corporation, or government
or political subdivision thereof, as distinguished from the unfunded floating,
or current debt. The Interstate
Commerce Commission defined this term as comprising all bonds or other
certificates of indebtedness not maEagle Tradersg for a year or more.
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