Funded Debts - That portion of a debt which is represented by a bond issue and payable at a
distant date. Funded debt is a term for the liabilities of the British gov•ernment such as have been
issued in the form of permanent or long-dated securities, as distinguished from the floating debt,
which is in the form of Exchequer bonds and Treasury bills and is regarded as temporary. The
distinction is not clearly drawn. Experts differed, for example, as to whether the national war loan
issued in 1900 and repayable in 1910 should be regarded as part of the funded or the floating
debt.
distant date. Funded debt is a term for the liabilities of the British gov•ernment such as have been
issued in the form of permanent or long-dated securities, as distinguished from the floating debt,
which is in the form of Exchequer bonds and Treasury bills and is regarded as temporary. The
distinction is not clearly drawn. Experts differed, for example, as to whether the national war loan
issued in 1900 and repayable in 1910 should be regarded as part of the funded or the floating
debt.
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