An unfunded liability is money you've promised to pay and don't have, I.E. debt. http://online.wsj.com/article/SB10001424127887323353204578127374039087636.html

An unfunded liability is money you've promised to pay and don't have, I.E. debt. http://online.wsj.com/article/SB10001424127887323353204578127374039087636.html http://online.wsj.com/article/SB1000142412788732335320457812...