Meaning of defund

de•fund

Pronunciation: (dē-fund'), [key]
— v.t.
  1. to deplete the financial resources of: The cost of the lawsuit defunded the company's operating budget.
  2. to withdraw financial support from: Many university programs were defunded by the recent government cutbacks.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.