### Question
What does loan guarantee mean?


### Answer
**Loan guarantee** has the following meaning in *23 U.S.C. § 601*:

> 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**

