### Question
How does AGRICULTURAL MORTGAGE SECONDARY MARKET define guarantee?


### Answer
Under *12 U.S.C. § 2279aa*, **guarantee** is defined as:

> the guarantee of timely payment of the principal and interest on securities representing interests in, or obligations backed by, pools of qualified loans, in accordance with this subchapter

#### Citation:
  - *12 U.S.C. § 2279aa*
  - Heading: **CHAPTER 23-FARM CREDIT SYSTEM > SUBCHAPTER VIII-AGRICULTURAL MORTGAGE SECONDARY MARKET**

