Topic: Definition of Guaranty
Not finding your answer? Try searching the web for Definition of Guaranty
Answers to Common Questions
What is the definition of guaranty?
A guaranty is an undertaking to answer for the payment of a debt or the performanc... Read More »
Source: http://www.chacha.com/question/what-is-the-definition-of-guaranty
What is legal definition of guaranty ?
As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of ... Read More »
Source: http://legal-dictionary.thefreedictionary.com/guaranties
What is legal definition of Guaranty Clause ?
A provision contained in a written document, such as a contract, deed, or mortgage, whereby one individual undertakes to pay the obligation of another individual. The stipulation contained in Article IV, Section 4, of the U.S. Constitution,... Read More »
Source: http://legal-dictionary.thefreedictionary.com/Guaranty+Clause
Featured Content:
Definition of Guaranty
[gar-uhn-tee](n.) Warrant, pledge, or formal assurance given as security for a debt or obligation
(v.) To pledge as security; guarantee
Dictionary.com . See all 1 definitions »
More Common Questions
Answers to Other Common Questions
A non-profit corporation under the United States Department of Labor guaranteeing the pensions of some private companies. Established in 1974, it is designed to take over the pensions of participating companies should they become insolvent....
Read More »
Source: http://financial-dictionary.thefreedictionary.com/Pension+Benefit...
A private company providing financial guarantee insurance for different types of transactions. For example, an insurance policy may cover a lender from liability resulting from the failure of the borrower to repay the loan. FGIC originally ...
Read More »
Source: http://financial-dictionary.thefreedictionary.com/Financial+Guara...
