### Question
How does FOREIGN MILITARY SALES AUTHORIZATIONS define market rate of interest?


### Answer
Under *22 U.S.C. § 2763*, **market rate of interest** is defined as:

> any rate of interest which is equal to or greater than the current average interest rate (as of the last day of the month preceding the financing of the procurement under this section) that the United States Government pays on outstanding marketable obligations of comparable maturity

#### Citation:
  - *22 U.S.C. § 2763*
  - Heading: **CHAPTER 39-ARMS EXPORT CONTROL > SUBCHAPTER II-FOREIGN MILITARY SALES AUTHORIZATIONS**

