http://www.investopedia.com/terms/f/fundeddebt.asp#axzz1lnDvrq00
Definition of 'Funded Debt'
A company's debt, such as bonds, long-term notes payables or debentures that will mature in more than one year or one business cycle. This type of debt is classified as funded debt because it is funded by interest payments made by the borrowing firm over the term of the loan.
Funded debt is synonymous with "long-term debt".
Investopedia explains 'Funded Debt'
Funded debt is one form of financing a company can use to finance its long-term capital projects, such as the addition of a new product line or the expansion of operations. The firm may also use short-term financing to fund its long-term operations. This exposes the firm to a higher degree of interest rate and refinancing risk, but allows for more flexibility in its financing.
http://en.wikipedia.org/wiki/Unfunded_loan_commitments
Unfunded loan commitments
Unfunded loan commitments are those commitments made by a Financial institution that are contractual obligations for future funding. They should not be confused with Letters of credit which require certain trigger events before funding is needed. Increasingly, originating lending institutions are selling Senior loans and related funded or unfunded commitments to institutional investors like Investment management firms, mutual funds and insurance companies.
Typically, unfunded commitments are separated into two categories:
- Multiple Advance, Closed End: This type of loan (typically a construction loan) advances incremental amounts up to a certain limit, based upon some criteria such as inspection and approval of a draw request. Any principal reductions received during the loan period are not available to be drawn on, but rather have paid down the loan balance.
- Revolving or Open End: This type of loan (known informally as a Line of credit) allows the borrower to continue to borrow up to the original loan amount. Principal reductions are immediately available for future advances.
Banks are required to report unfunded commitments on schedule RC-L of the quarterly Report of Condition and Income (Call Report).