### Question
How is the term master credit agreement defined?


### Answer
The term **master credit agreement** is defined in *23 U.S.C. § 601* as the following:

> an agreement to extend credit assistance for a program of projects secured by a common security pledge (which shall receive an investment grade rating from a rating agency), or for a single project covered under section 602(b)(2) that would—


(A) make contingent commitments of 1 or more secured loans or other Federal credit instruments at future dates, subject to the availability of future funds being made available to carry out this chapter

#### Citation:
  - *23 U.S.C. § 601*
  - Heading: **CHAPTER 6-INFRASTRUCTURE FINANCE**

