Legal Definitions - fully funded

Definition: Fully funded is an adjective used to describe a situation where there are enough financial resources available to meet current payments, even if the company goes bankrupt. It can also refer to a situation where a funding requirement has been completely satisfied and paid.

Examples:

• The company's pension plan was fully funded, meaning that there was enough money set aside to pay for the pensions of all employees, even if the company went bankrupt.
• The construction loan was fully funded, meaning that the entire amount of money needed for the construction project had been paid.

These examples illustrate the definition of fully funded by showing situations where there is enough money available to cover current or future expenses, even in the event of bankruptcy or other financial difficulties. In the case of the pension plan, the company has set aside enough money to pay for the pensions of all employees, even if the company is no longer able to operate. In the case of the construction loan, all of the money needed for the project has been paid, so there is no need for additional funding.