### Question
How does INFRASTRUCTURE FINANCE define guarantee?


### Answer
Under *23 U.S.C. § 610*, **guarantee** is defined as:

> a contract entered into by a State infrastructure bank in which the bank agrees to take responsibility for all or a portion of a project sponsor's financial obligations for a project under specified conditions

#### Citation:
  - *23 U.S.C. § 610*
  - Heading: **CHAPTER 6-INFRASTRUCTURE FINANCE**

