A pledge to cover the payment of debt or to perform some obligation if the person liable fails to pe
Found on
http://www.encyclo.co.uk/local/22405
A pledge to cover the payment of debt or to perform some obligation if the person liable fails to perform. When a third party guarantees a loan, it promises to pay in the event of a default by the borrower.
Found on
http://www.gdrc.org/icm/loan-glossary.html
A loan made and serviced by a lending institution under agreement that a governmental agency will purchase the guaranteed portion if the borrower defaults.
Found on
https://www.encyclo.co.uk/local/21181
No exact match found.
