c. Terminology Used in this Section

To avoid confusion, the terms “veteran/nonveteran joint loan” and “2 veteran joint loan” will be used throughout this section to include the various types of joint loans.

Veteran/nonveteran joint loan:  Common meaning:  A loan involving one veteran and one nonveteran (not spouse).

For purposes of applying the principles explained in this section, this term will also be used to represent any other type of joint loan involving at least one veteran using his or her entitlement and at least one other person not using entitlement (can be a veteran or nonveteran, but not a spouse).

Examples: 

·   Three veterans using entitlement and one nonveteran.

·   One veteran using entitlement and 4 nonveterans.

·   Two veterans using entitlement and 2 veterans not using entitlement.

2 veteran joint loan:  Common meaning:  A loan involving 2 veterans who are not married to each other, both using their entitlement. 

For purposes of applying the principles explained in this section, this term will also be used to represent any other type of joint loan involving only veterans, each of whom uses his or her entitlement. 

It can include loans to

·   the veteran and the veteran’s spouse who is also a veteran, if both entitlements will be used, or

·   three, four, or more veterans, all of whom will use their entitlement.