### Question
Can you define what extension of credit means?


### Answer
**Extension of credit** is defined as the following in *12 U.S.C. § 1972*:

> prescribed by the Board pursuant to section 375b of this title, and the term “executive officer” shall have the same meaning given it under section 375a of this title.

#### Citation:
  - *12 U.S.C. § 1972*
  - Heading: **CHAPTER 22-TYING ARRANGEMENTS**

