shutdown funds JUST WRITTEN FOR YOU
/ˈʃʌt.daʊn fʌndz/ · shut.daʊn.fʌndz
noun
- Funds allocated for a government agency or department during a shutdown period. The agency's shutdown funds were insufficient to cover the costs of essential services.
- Funds allocated for a project or department that is being shut down or discontinued. The company's shutdown funds for the failed product line were used to cover the costs of layoffs and asset disposal.
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Did you know? The phrase 'shutdown funds' gained prominence during the 2013 United States government shutdown, when Congress struggled to allocate funds for essential services.