Funded
/ˈfʌndɪd/
Definitions
- (adj.) Provided with financial resources or capital for a specific purpose or project.
The funded research project received a grant from the government.
- (adj.) Supported financially by a designated source, often referring to pensions or liabilities with secure backing.
The company maintains a fully funded pension plan for its employees.
Related terms
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Commentary
In legal drafting, 'funded' typically describes financial status or backing; clarify the source and purpose of funding to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.