Loan Guarantee Commitment Law and Legal Definition
"Loan guarantee commitment" means “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.” (2 USCS § 661a)
Legal Definition list
Related Legal Terms
- Account Guarantee Acknowledgment
- Acquisition and Improvement Loan [Veterans' Relief]
- Acquisition Loan [HUD]
- Acquisition, Development and Construction (ADC) Loan
- Adjustable Rate Mortgage Loan
- Administrative Cost of Issuing a Loan Guarantee
- Advance Commitment
- Air Loan
- Allowance for Loan and Lease Losses
- Amortized Loan
