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The term for amounts that cannot be used to make new appropriations after their expiration period is "expired funds." Once funds are considered expired, it means that the time limit set for utilizing those funds has passed, and they can no longer be drawn upon for new obligations or appropriations. However, it is important to note that while the funds are expired, they may still be available for certain administrative purposes, such as the settlement of obligations incurred prior to expiration. This distinction highlights how governance over budgetary resources is structured to ensure accountability and adherence to appropriations laws.

On the other hand, the other terms have distinct meanings. Obligated funds refer to amounts that have been legally committed for a specific purpose but may still be available until they are either spent or the obligation is otherwise settled. Closed funds suggest a termination of the fund's operations or activities, which can occur under different circumstances and may not exclusively refer to the expiration of funds. Guaranteed funds typically refer to amounts that are assured or pledged, often in the context of contracts or loans, and do not relate to the appropriations expiration status. Thus, "expired funds" accurately captures the concept of funds that lose their appropriative power after a designated timeframe, aligning with government financial management practices.