### Question
How does the law define secured loan?


### Answer
Under *49 U.S.C. § 41762*, **secured loan** is defined as:

> a direct loan funded by the Secretary in connection with the financing of an aircraft purchase under section 41763(b)

#### Citation:
  - *49 U.S.C. § 41762*
  - Heading: **SUBTITLE VII-AVIATION PROGRAMS > PART A-AIR COMMERCE AND SAFETY > subpart ii-economic regulation > CHAPTER 417-OPERATIONS OF CARRIERS > SUBCHAPTER III-REGIONAL AIR SERVICE INCENTIVE PROGRAM**

