0 used to describe a financial arrangement that has been agreed but for which there is not enough money available:
The unfunded liability is usually paid off over a fixed number of years like a home mortgage.
To determine the unfunded liability under the two methods, consider the status of the plans after two years of funding.
Guaranteeing that this equity premium will, in fact, materialize constitutes a large unfunded liability.
The bursaries were designed to help researchers undertaking small projects that were largely unfunded.
With unfunded mandates, expenditure autonomy becomes a non-issue, as the freedom to spend is eliminated de facto by a lack of funds.
As both effects increase the time spent within family, the unfunded pension system will worsen voluntary unemployment.
So unfunded liabilities are reduced by exactly 100 %, that is, the call option exactly pays for the put option.
In his model, unfunded pensions encourage education through an income effect.
