These are funds against which obligations already have been made, although not yet paid.

Question

Quizplus · Accepted Answer

Encumbered funds already have obligations made against them, but the payments have not yet been made. Sequestered funds are funds that have been set aside or frozen due to a legal action, diverted funds are funds that have been redirected from their original intended use, and supplemental funds are additional funds provided for specific purposes.

These Are Funds Against Which Obligations Already Have Been Made