Guarantee Fee


 

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Guarantee Fee

A sum paid by the importer to the guarantor, usually as a percentage per annum of the face value of the bills or notes being guaranteed.



Guarantee Fee

Similar Matches

Guarantee mortgage

Guarantee mortgage

A loan guaranteed by a third party, such as a government institution.


Guaranteed minimum pension

Guaranteed minimum pension

The minimum pension payable by a pension scheme in order that members may contract out of S2P (State Second Pension).


MIG Mortgage Indemnity Guarantee

MIG Mortgage Indemnity Guarantee

This is insurance for the lender paid by the consumer in a one-off payment, on 'high' LTV mortgages. This protects the lender in the event that you default on the loan and the sale of the property is not enough to repay the amount that they are owed. Some lenders will insist you pay this if your mortgage is for as low as 75% of the value of the property, but 90% is a more common level. Some lenders will not insist on it regardless of the loan value. You can often add this fee to the loan, but be aware that you will then be paying interest on it until the loan is repaid in full.


Guaranteed replacement cost coverage insurance

Guaranteed replacement cost coverage insurance

A policy that covers the full cost of replacing damaged property without any allowances or deductions, e.g., depreciation.


Guaranteeing or Avalising Bank

Guaranteeing or Avalising Bank

The person, bank, or financial entity who gives the guarantee for the importer.


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