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


### Answer
The definition of **secured loan** is as follows in *33 U.S.C. § 3901*:

> a direct loan or other debt obligation issued by an obligor and funded by the Secretary or Administrator, as applicable, in connection with the financing of a project under section 3908 of this title

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

