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defund

[dee-fuhnd] /diˈfʌnd/
verb (used with object)
1.
to withdraw financial support from, especially as an instrument of legislative control:
Many university programs were defunded by the recent government cutbacks.
2.
to deplete the financial resources of:
The cost of the lawsuit defunded the company's operating budget.
Origin
de- + fund
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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