### Question
How is the "guarantee" defined?


### Answer
The term **guarantee** is defined in *12 U.S.C. § 2282* as follows -

> any guarantee, insurance, or other pledge with respect to the payment of all or part of the principal or interest on any obligation, but does not include the insurance of deposits, shares, or other withdrawable accounts in financial institutions, or any guarantee or pledge arising out of a statutory obligation to insure such deposits, shares, or other withdrawable accounts

#### Citation:
  - *12 U.S.C. § 2282*
  - Heading: **CHAPTER 24-FEDERAL FINANCING BANK**

