text: LIQUIDATING ACCOUNT - The budget account that includes all cash flows to and from the government resulting from pre-1992 direct loans or loan guarantees ( those originally obligated or committed before Oct. 1 , 1991 ) , except those pre-1992 direct loans and loan guarantees that have been directly modified and transferred to a financing account .
  
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  The account specifically excludes loan guarantees from before 1992 .