### Question
How is the "capital" defined?


### Answer
The term **capital** is defined in *12 U.S.C. § 1711* as follows -

> the economic net worth of the Mutual Mortgage Insurance Fund, as determined by the Secretary under the annual audit required under section 1735f–16 of this title

#### Citation:
  - *12 U.S.C. § 1711*
  - Heading: **CHAPTER 12-SAVINGS ASSOCIATIONS > SUBCHAPTER II-MORTGAGE INSURANCE**

