Federal Credit : Concepts, Budgetary Treatment & Reform Proposals
Book Details
Format
Paperback / Softback
ISBN-10
1624175538
ISBN-13
9781624175534
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Apr 9th, 2013
Print length
61 Pages
Weight
150 grams
Dimensions
22.80 x 15.30 x 0.60 cms
Product Classification:
EconomicsCredit & credit institutions
Ksh 15,300.00
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The U.S. government uses federal credit (direct loans and loan guarantees) to allocate capital to a range of areas including home ownership, student loans, small business, agriculture, and energy. A direct loan is "a disbursement of funds by the government to a non-federal borrower under a contract that requires the repayment of such funds with or without interest." A loan guarantee is "a pledge with respect to the payment of all or part of the principal or interest on any debt obligation of a non-federal borrower to a non-federal lender." At the end of FY2011, outstanding federal direct loans totalled $838 billion and outstanding guaranteed loans totalled $2,017 billion. This book describes the concepts, budgetary treatment and reform proposals of federal credit.
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