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


### Answer
The term **loan guarantee** is defined in *23 U.S.C. § 601* as the following:

> any guarantee or other pledge by the Secretary 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:
  - *23 U.S.C. § 601*
  - Heading: **CHAPTER 6-INFRASTRUCTURE FINANCE**

