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NYTs have massive “unfunded liabilities”, POTUS has been saying it for years! Maybe the NYTs will blame the walk out instead of the unfunded liabilities!
What Are Unfunded Liabilities?
Unfunded Liabilities Explained
By Kent Thune Updated on April 8, 2022
Reviewed by Michael J Boyle
In This Article
Definition and Example of Unfunded Liabilities
How Unfunded Liabilities Work
Types of Unfunded Liabilities
What It Means for Investors
Criticisms of Unfunded Liabilities
A middle-aged couple discuss problems with their pension fund.
PHOTO:
MLADEN ZIVKOVIC / GETTY IMAGES
DEFINITION
Unfunded liabilities are debt obligations that do not have sufficient funds set aside to pay them.These liabilities generally refer to the U.S. government's debts or pension plans and their impact on savings and investment securities. Unfunded liabilities can have a significant negative impact on the general economic health of a nation or corporation.
Definition and Example of Unfunded Liabilities
A liability is a legal duty of a person, organization, or government entity to pay a debt that comes from a past or current contract or action. In brief, a liability is a claim on the debtor's current or future assets.
An unfunded liability is a debt that does not have existing or projected assets to cover it. The entity the debt belongs to does not have funds to pay it.1
https://www.thebalancemoney.com/unfunded-liabilities-definition-and-examples-4159564