Secured loan

Secured loan means a direct loan or other debt obligation (including a note, bond, debenture, and sale or lease financing arrangement) issued by a borrower funded by the Secretary in connection with the financing of a project under 33 U.S.C. 3908.

Source

33 CFR § 386.2

---

Scoping language

The following definitions apply to this part:

---

Is this correct? or