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


### Answer
The definition of **loan guarantee** is as follows in *23 U.S.C. § 181*:

> 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. § 181*
  - Heading: **CHAPTER 1-FEDERAL-AID HIGHWAYS > SUBCHAPTER II-INFRASTRUCTURE FINANCE**

