The Collaborative International Dictionary of English v.0.48:

Funding \Fund"ing\, a.
   1. Providing a fund for the payment of the interest or
      principal of a debt.
      [1913 Webster]

   2. Investing in the public funds.
      [1913 Webster]

   Funding system, a system or scheme of finance or revenue by
      which provision is made for paying the interest or
      principal of a public debt.
      [1913 Webster]

The Collaborative International Dictionary of English v.0.48:

Fund \Fund\, v. t. [imp. & p. p. Funded; p. pr. & vb. n.
   Funding.]
   1. To provide and appropriate a fund or permanent revenue for
      the payment of the interest of; to make permanent
      provision of resources (as by a pledge of revenue from
      customs) for discharging the interest of or principal of;
      as, to fund government notes.
      [1913 Webster]

   2. To place in a fund, as money.
      [1913 Webster]

   3. To put into the form of bonds or stocks bearing regular
      interest; as, to fund the floating debt.
      [1913 Webster]

WordNet (r) 3.0 (2006):

funding
    n 1: financial resources provided to make some project possible;
         "the foundation provided support for the experiment" [syn:
         support, financial support, funding, backing,
         financial backing]
    2: the act of financing [syn: financing, funding]