### Question
What is the definition of loan guarantee?


### Answer
The definition of **loan guarantee** is as follows in *49 U.S.C. § 41762*:

> any guarantee or other pledge by the Secretary under section 41763(c) to pay all or part of any of the principal of and interest on a loan or other debt obligation issued by an obligor and funded by a lender

#### Citation:
  - *49 U.S.C. § 41762*
  - Heading: **SUBTITLE VII-AVIATION PROGRAMS > PART A-AIR COMMERCE AND SAFETY > subpart ii-economic regulation > CHAPTER 417-OPERATIONS OF CARRIERS > SUBCHAPTER III-REGIONAL AIR SERVICE INCENTIVE PROGRAM**

