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1 lip 2021 · A financial guarantee is an agreement that guarantees a debt will be repaid to a lender by another party if the borrower defaults. Essentially, a third party...
8 sie 2020 · What is a Financial Guarantee? In general, a financial guarantee is a promise to take responsibility for another company's financial obligation if that company cannot meet its obligation. The entity assuming this responsibility is called the guarantor.
Guarantee. A promise made by a third party to provide payment on a bond, loan, or other liability in the event of default. While many guarantees apply to debt instruments, they may also be used in day-to-day life.
21 sie 2024 · Financial Guarantee refers to the promise undertaken by a third party for any financial obligation of another company and, therefore, assumes the role of a guarantor for any unpaid financial obligations.
a collateral promise to answer for the debt or obligation of another.
Define Financial Guarantee. Financial Guarantee synonyms, Financial Guarantee pronunciation, Financial Guarantee translation, English dictionary definition of Financial Guarantee. a promise or assurance of quality or durability: It has a one-year guarantee that covers parts and labor.
Financial guarantee means a form of financial security posted to do one or more of the following: ensure timely and proper completion of improvements; ensure compliance with the Sammamish Municipal Code; or provide secured warranty of materials, workmanship of improvements and design.
