funded debt

For example, the use of money offfshore does not require it be funded debt at all.

In short, a system roughly analogous to the funded debt of modern public finance had been created.

At the same time he did not lose sight of the funded debt, but strained every nerve to have it reduced.

In England the funded debt selected were the annuities stemming from a lottery loan of 1710.

In Italy a different system designed to achieve the same objectives had sprung up much earlier, one that was to develop into the funded debt of the communal monies.

Curtis served as lead counsel to Wilmington Trust Company as indenture trustee of the funded debt obligations of Smurfit.

By 1719 its absorption of so much of the unfunded debt was suggesting to ministers that they might also shift a proportion of the funded debt its way.

American funds were bought, such as the South Carolina Funded Debt and the Massachusetts Deposit and shares in the Pennsylvania Population Company.

The long struggle with France in 1689-1713 meant an unprecedented raising of money for government purposes by methods such as the levying of a land-tax and the creation of a funded debt.

It was surprising, then, when it was announced that 500 publicly funded debt advisers from Citizens Advice bureaux and independent advice agencies were set to lose their jobs in April.

"Enron loves these deals as they are able to hide funded debt from their equity analysts" and "bury it in their trading liabilities," a Chase employee said in an e-mail message the company now calls inaccurate.

This freedom was not to be won in Venice, where the old monies composed of forced and voluntary loans were consolidated as a state-managed funded debt, later called the Monte vecchio, as early as 1262.

Unfunded debt was represented as Exchequer Bills in this country and some hocus-pocus about merchants' overseas balances was said to permit its issuance; funded debt was the national loans scam to which tax revenue is applied to pay the interest.

As well as its management of the floating debt, it had increasingly taken over the handling of the service payments on the funded debt, and it held the balances of many departments of state as well as of provincial tax gatherers.

The antiquated Crown finances of the early Stuarts, barely adequate to achieve solvency in peacetime, were transformed in the 1690's - with the invention of the funded debt - into a powerful tool that enabled England to play banker for the anti-French coalition.

This was the principle of the funded debt, which was the basis of a credit system in which, in response to government's borrowing needs, banking and stock and security exchanging developed into a mechanism capable of serving the needs of the developing economy as well as those of the state.