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LSDefine

Simple English definitions for legal terms

fully funded

Read a random definition: judicial-economy exception

A quick definition of fully funded:

Fully funded means having enough money to pay for everything that needs to be paid for, even if something goes wrong and there isn't any more money coming in. It can also mean that a requirement for money has been completely met and paid for.

A more thorough explanation:

Definition: Fully funded is an adjective used to describe a situation where there are enough financial resources available to meet current payments, even if the company goes bankrupt. It can also refer to a situation where a funding requirement has been completely satisfied and paid.

Examples:

  • The company's pension plan was fully funded, meaning that there was enough money set aside to pay for the pensions of all employees, even if the company went bankrupt.
  • The construction loan was fully funded, meaning that the entire amount of money needed for the construction project had been paid.

These examples illustrate the definition of fully funded by showing situations where there is enough money available to cover current or future expenses, even in the event of bankruptcy or other financial difficulties. In the case of the pension plan, the company has set aside enough money to pay for the pensions of all employees, even if the company is no longer able to operate. In the case of the construction loan, all of the money needed for the project has been paid, so there is no need for additional funding.

fully diluted earnings per share | fully managed fund

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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