Definition of Funded

Said of a pension plan or other obligation when funds have been set aside for meeting the obligation when it becomes due. See also Fund (Funded debt).

Funded pension plan. One containing sufficient funds as contributed by a corporation to meet current and future retirement benefit obligations. The Employee Retirement Income Security Act (ERISA) regulates funding of pension plans.

That's the definition of Funded in Black's Law Dictionary 6th Edition. Courtesy of