### Question
What does third party debt mean?


### Answer
**Third party debt** has the following meaning in *15 U.S.C. § 662*:

> any indebtedness for borrowed money, other than indebtedness owed to the Administration

#### Citation:
  - *15 U.S.C. § 662*
  - Heading: **CHAPTER 14B-SMALL BUSINESS INVESTMENT PROGRAM > SUBCHAPTER I-GENERAL PROVISIONS**

