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


### Answer
The term **loan guarantee** is defined in *33 U.S.C. § 3901* as follows -

> any guarantee or other pledge by the Secretary or the Administrator to pay all or part of the principal of, and interest on, a loan or other debt obligation issued by an obligor and funded by a lender

#### Citation:
  - *33 U.S.C. § 3901*
  - Heading: **CHAPTER 52-WATER INFRASTRUCTURE FINANCE AND INNOVATION**

