[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR32.301]

[Page 636]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 32_CONTRACT FINANCING--Table of Contents
 
           Subpart 32.3_Loan Guarantees for Defense Production
 
Sec.  32.301  Definitions.

    As used in this subpart--
    Borrower means a contractor, subcontractor (at any tier), or other 
supplier who receives a guaranteed loan.
    Federal Reserve Board means the Board of Governors of the Federal 
Reserve System.
    Guaranteed loan or V loan means a loan, revolving credit fund, or 
other financial arrangement made pursuant to Regulation V of the Federal 
Reserve Board, under which the guaranteeing agency is obligated, on 
demand of the lender, to purchase a stated percentage of the loan and to 
share any losses in the amount of the guaranteed percentage.
    Guaranteeing agency means any agency that the President has 
authorized to guarantee loans, through Federal Reserve Banks, for 
expediting national defense production.

[48 FR 42328, Sept. 19, 1983, as amended at 66 FR 2132, Jan. 10, 2001]