Difference between revisions of "Loan Guarantee"
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| − | A ''' | + | A '''loan guarantee''' is any guarantee, [[insurance]], or other pledge with respect to the payment of all or a part of the principal or interest on any debt obligation of a non-Federal borrower to a non-Federal lender. |
[[category:finance]] | [[category:finance]] | ||
| + | [[Category:Budget terms]] | ||
Revision as of 19:08, October 7, 2008
A loan guarantee is any guarantee, insurance, or other pledge with respect to the payment of all or a part of the principal or interest on any debt obligation of a non-Federal borrower to a non-Federal lender.