Loan Guarantee Commitment in the United States

Loan Guarantee Commitment in the Federal Budget Process

Meaning of Loan Guarantee Commitment in the congressional and executive budget processes (GAO source): A binding agreement by a federal agency to make a loan guarantee when specified conditions are fulfilled by the borrower, the lender, or any other party to the guarantee agreement. (See also Commitment; Credit Reform and Guaranteed Loan under Federal Credit.)

Resources

See Also

• Federal Appropriations
• Entries about the United States Budget Process in the Encyclopedia (including Loan Guarantee Commitment)
• Public Debt

Further Reading

• Legislatures and the budget process: the myth of fiscal control

  (J Wehner, 2010)

• Reconcilable Differences?: Congress, the Budget Process, and the Deficit (JB Gilmour, 1990)
• Fiscal institutions and fiscal performance

  (JM Poterba, J von Hagen, 2008)