### Question
How is the "eligible debt" defined?


### Answer
The term **eligible debt** is defined in *12 U.S.C. § 24a* as follows -

> unsecured long-term debt that—


(A) is not supported by any form of credit enhancement, including a guarantee or standby letter of credit

#### Citation:
  - *12 U.S.C. § 24a*
  - Heading: **CHAPTER 2-NATIONAL BANKS > SUBCHAPTER I-ORGANIZATION AND GENERAL PROVISIONS**

