### Question
How is the "the period applicable to the advance" defined?


### Answer
The term **the period applicable to the advance** is defined in *7 U.S.C. § 948* as follows -

> the period beginning on the issue date described in subclause (I) and ending on the earlier of the date the advance matures or is completely prepaid

#### Citation:
  - *7 U.S.C. § 948*
  - Heading: **CHAPTER 31-RURAL ELECTRIFICATION AND TELEPHONE SERVICE > SUBCHAPTER IV-RURAL TELEPHONE BANK**

