Funded Liability

Funded Liability

A source of funds that a firm must take overt action to arrange and that carries an interest cost.
References in periodicals archive ?
Adds Oakley, "We have already set aside $4 million to initiate funding, and we estimated our fully funded liability to be about $29 million.
First, RPA Section 751(a)(1) provides that the underfunding rules do not apply to a plan with a funded liability percentage of at least 90%.