0 the situation when an organization, etc. is given less money than it needs: --
1 a situation in which something is given less money than it needs: --
After years of underfunding and mismanagement, the business was on the brink of bankruptcy.
The chronic underfunding of the plan has resulted in a $64.8 million shortfall.
At funding ratios below 100 %, stock investments increase in the extent of underfunding.
For the rest of this paper, we take l=110, representing a 1 % probability of underfunding.
He began tactfully by reviewing the past and blaming some previous problems on the underfunding of the inter-war years.
Pension plans where pensions are indexed to inflation run the risk of underfunding due to inflationary pressure, which pushes up pensions.
By 1998 a rising stock market apparently lowered the level of underfunding to $49 billion.
In fact, by using appropriate spreads, one can eliminate a large fraction of eventual underfunding.
Secondly, the past few years with historically low stock returns have shown that pension funds do get in a situation of underfunding.
From this viewpoint, underfunding does not necessarily expose workers to any risk.
