Summary

the United States Government United States Code, Title 2 — Chapter 17A. Congressional Budget And Fiscal Operations

Budget authority and new budget authority.— (A) In general.— The term “budget authority” means the authority provided by Federal law to incur financial obligations, as follows: (i) provisions of law that make funds available for obligation and expenditure (other than borrowing authority) , including the authority to obligate and expend the proceeds of offsetting receipts and collections; (ii) borrowing authority, which means authority granted to a Federal entity to borrow and obligate and expend the borrowed funds, including through the issuance of promissory notes or other monetary credits
Source: Wikisource

the United States Government United States Code, Title 2 — Chapter 17A. Congressional Budget And Fiscal Operations

The term “entitlement authority” means— (A) the authority to make payments (including loans and grants) , the budget authority for which is not provided for in advance by appropriation Acts, to any person or government if, under the provisions of the law containing that authority, the United States is obligated to make such payments to persons or governments who meet the requirements established by that law; and (B) the food stamp program. (10) The term “credit authority” means authority to incur direct loan obligations or to incur primary loan guarantee commitments.
Source: Wikisource

the United States Government United States Code, Title 2 — Chapter 17A. Congressional Budget And Fiscal Operations

The term “government-sponsored enterprise” means a corporate entity created by a law of the United States that— (A) (i) has a Federal charter authorized by law; (ii) is privately owned, as evidenced by capital stock owned by private entities or individuals; (iii) is under the direction of a board of directors, a majority of which is elected by private owners; (iv) is a financial institution with power to— (I) make loans or loan guarantees for limited purposes such as to provide credit for specific borrowers or one sector
Source: Wikisource

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