| 释义 |
funding, vbl. n.|ˈfʌndɪŋ|
[f. fund v. + -ing1.]
The action of the vb. fund (sense 1); conversion of a floating debt into a permanent one.
1776Adam Smith W.N. v. iii. (1869) II. 521 We had recourse to the ruinous expedient of perpetual funding. 1792A Young. Trav. France 517 It remains a subject of infinite curiosity, to see how far the infatuated and blind spirit of funding will now be pursued. 1845McCulloch Taxation iii. ii. (1852) 447 Funding is now effected in France as in England, by granting interminable annuities redeemable at pleasure.
attrib.1790M. Cutler in Life Jrnls. & Corr. (1888) I. 463 Congress..ought to pay no regard to this matter in their establishment of a funding system. 1846McCulloch Acc. Brit. Emp. (1854) II. 428 In the infancy of the funding system it was customary to borrow upon the security of some tax, or portion of a tax, set apart as a fund for discharging the principal and interest of the sum borrowed. 1892Daily News 29 June 2/3 The directors protest against the receipt of funding bonds instead of the cash guarantee. |