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LSDefine

Simple English definitions for legal terms

funded

Read a random definition: agreed decree

A quick definition of funded:

Definition: When something is funded, it means that there is enough money to pay for it. When something is fully funded, it means that there is enough money to pay for it even if something bad happens, like bankruptcy. It can also mean that a payment requirement has been completely satisfied.

A more thorough explanation:

FUNDED

Funded means having enough money to pay for something. When something is fully funded, it means that all the money needed to pay for it is available.

Examples:

  1. A company's pension plan was fully funded, which means that there was enough money to pay for the pensions of all the employees, even if the company went bankrupt.
  2. The construction loan was fully funded, which means that all the money needed to build the project was available.

These examples illustrate the definition of funded because they show situations where there is enough money to pay for something. In the first example, the company's pension plan is fully funded, which means that the employees can be assured that they will receive their pensions even if the company goes bankrupt. In the second example, the construction loan is fully funded, which means that the project can be completed without any financial problems.

fundatio | funded debt

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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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