Federal Credit : Concepts, Budgetary Treatment & Reform Proposals Paperback / softback
Edited by Ethan A Kelly
Paperback / softback
- Information
Description
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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Out of StockMore expected soonContact us for further information
- Format:Paperback / softback
- Pages:61 pages
- Publisher:Nova Science Publishers Inc
- Publication Date:09/04/2013
- Category:
- ISBN:9781624175534
Information
-
Out of StockMore expected soonContact us for further information
- Format:Paperback / softback
- Pages:61 pages
- Publisher:Nova Science Publishers Inc
- Publication Date:09/04/2013
- Category:
- ISBN:9781624175534