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Funded Liability

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Funded Liability
A source of funds that a firm must take overt action to arrange and that carries an interest cost.


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The impression to the contrary arises from the need to convert what is now an unfunded liability into a funded liability.
Adds Oakley, "We have already set aside $4 million to initiate funding, and we estimated our fully funded liability to be about $29 million.
 
 
 
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