public funds

English

Noun

public funds pl (plural only)

1. (finance) Money lent to government for which interest is paid of a stated amount at a stated time.
   • 1951 May, R. K. Kirkland, “The Cavan & Leitrim Railway”, in Railway Magazine, page 345:

     Some preliminary legal arrangements were made, but the scheme proceeded no further, as the various local authorities concerned were unwilling to speculate public funds on what was, even at that date, a will o' the wisp.