{"data":{"id":"us/48-cfr-32.301","jurisdiction":"us","citation":"48 CFR 32.301","heading":"32.301 Definitions.","body":"As used in this subpart—\nBorrower means a contractor, subcontractor (at any tier), or other supplier who receives a guaranteed loan.\nFederal Reserve Board means the Board of Governors of the Federal Reserve System.\nGuaranteed 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.\nGuaranteeing agency means any agency that the President has authorized to guarantee loans, through Federal Reserve Banks, for expediting national defense production.","path":["Title 48—Federal Acquisition Regulations System","CHAPTER 1—FEDERAL ACQUISITION REGULATION","SUBCHAPTER E—GENERAL CONTRACTING REQUIREMENTS","PART 32—CONTRACT FINANCING","Subpart 32.3—Loan Guarantees for Defense Production"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-48.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:26:29Z","sha256":"e868d0e083f3ad12b35ab582740ba8649c48bbe587da0bfccba88ecaa0f1f2e9","source_id":"us-cfr","stale":true,"prev":"us/48-cfr-32.300","next":"us/48-cfr-32.302"},"notice":"GroundRules: Original legal text. Not legal advice."}