### Question
What is the definition of graduated" or "graduation?


### Answer
The definition of **graduated" or "graduation** is as follows in *15 U.S.C. § 636*:

> that the Program Participant is recognized as successfully completing the program by substantially achieving the targets, objectives, and goals contained in the concern's business plan thereby demonstrating its ability to compete in the marketplace without assistance under this section or section 637(a) of this title

#### Citation:
  - *15 U.S.C. § 636*
  - Heading: **CHAPTER 14A-AID TO SMALL BUSINESS**

