{"product_id":"9781624175534","title":"Federal Credit","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.","brand":"Nova Science Publishers, Inc (US)","offers":[{"title":"Default Title","offer_id":65430559916381,"sku":null,"price":63.74,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1041\/3893\/2573\/files\/9781624175534.jpg?v=1789232788","url":"https:\/\/shop.gazellebookservices.co.uk\/products\/9781624175534","provider":"Gazelle Book Services","version":"1.0","type":"link"}