TeachMeFinance.com - explain Funded debt
Funded debt -- General outstanding debts which have been
converted into bonds or annuities .
Funded debt is a term for the liabilities of the British government
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
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