### Question
How does the law define concessional rate of interest?


### Answer
Under *22 U.S.C. § 2763*, **concessional rate of interest** is defined as:

> any rate of interest which is less than market rates of interest

#### Citation:
  - *22 U.S.C. § 2763*
  - Heading: **CHAPTER 39-ARMS EXPORT CONTROL > SUBCHAPTER II-FOREIGN MILITARY SALES AUTHORIZATIONS**

