### Question
How does CONGRESSIONAL BUDGET AND FISCAL OPERATIONS define loan guarantee commitment?


### Answer
Under *2 U.S.C. § 661a*, **loan guarantee commitment** is defined as:

> a binding agreement by a Federal agency to make a loan guarantee when specified conditions are fulfilled by the borrower, the lender, or any other party to the guarantee agreement

#### Citation:
  - *2 U.S.C. § 661a*
  - Heading: **CHAPTER 17A-CONGRESSIONAL BUDGET AND FISCAL OPERATIONS > SUBCHAPTER III-CREDIT REFORM**

