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Guarantee company definition
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Guarantee company
A company which has no share capital but the members have agreed, by way of guarantee, to pay a specified sum if the company is wound up. Commonly used for non-trading companies such as charities.
Found on
http://www.encyclo.co.uk/local/20546
No exact match found.
Synonyms
assurance
back
bankroll
contract
countersign
documentation
endorse
finance
fund
guarantee certificate
official recognition
pledge
qualifications
service contract
support
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A company which has no share capital but the members have agreed, by way of guarantee, to pay a specified sum if the company is wound up. Commonly used for non-trading companies such as charities.