Unfunded
Describing something, typically a project, program, or obligation, that lacks the necessary financial resources to be carried out or sustained. This implies a shortfall in the budget or a lack of dedicated funding, making the undertaking vulnerable to delays, cancellation, or failure. The term highlights a discrepancy between the intended scope and the available capital, exposing potential risks for implementation and impact. This is common with pension liabilities where funds are not available to cover the payouts. The consequences could be severe.
Unfunded meaning with examples
- The city council approved an ambitious infrastructure project, but it was immediately criticized as 'unfunded', lacking a concrete plan to secure the required $500 million. Without the necessary resources, its completion is uncertain. Critics worried the project would lead to economic instability.
- The new social program to assist low-income families was launched despite being officially designated 'unfunded'. The organization was hoping for future philanthropic support. This creates huge insecurity for beneficiaries, who could find support withdrawn.
- The university's research grant applications faced rejection due to a large backlog, which were designated as 'unfunded'. This meant researchers could not perform the tests. It left many scientists unable to continue valuable work and losing out on funds.
- A major environmental initiative, aiming to clean up the local river, was announced as 'unfunded'. Without government allocation or private investment, its goals seemed unattainable. This highlighted the environmental protection lacking.
- Despite increased demand, expansion plans for the community center are currently listed as 'unfunded'. This means many services must be curtailed or stopped. The community is at a loss to gain extra services which has affected people's lives.