FUNDING

funding,n.1. The process of financing capital expenditures by issuing long-term debt

obligations or by converting short-term obligations into long-term obligations to finance current

expenses; the process of creating a funded debt. 2. The refinancing of a debt before its maturity. —

Also termed refunding. 3. The provision or allocation of money for a specific purpose, such as for

a pension plan, by putting the money into a reserve fund or investments. [Cases: Pensions 48.

C.J.S. Pensions and Retirement Plans and Benefits §§ 23–25, 27.] 4. The provision of financial

resources to finance a particular activity or project, such as a research study. 5. The transfer of

property to a trust.[Blacks Law 8th]