### Question
What does secured loan mean?


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

> a direct loan or other debt obligation issued by an obligor and funded by the Secretary in connection with the financing of a project under section 603

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

