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Related to funded debt: Unfunded debt
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Bonds, loans, and any other debt with a maturity of longer than one year. Long-term debt is used for capital outlays, which usually involves a business' need to buy the basic necessities for its operations, such as facilities and major assets. It is also called funded debt.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Long-term interest-bearing debt, such as that for bonds and debentures.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.