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Guarantee Fee |
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Guarantee FeeA 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 MatchesGuarantee mortgageGuarantee mortgageA loan guaranteed by a third party, such as a government institution. Guaranteed minimum pensionGuaranteed minimum pensionThe minimum pension payable by a pension scheme in order that members may contract out of S2P (State Second Pension). MIG Mortgage Indemnity GuaranteeMIG Mortgage Indemnity GuaranteeThis 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 insuranceGuaranteed replacement cost coverage insuranceA policy that covers the full cost of replacing damaged property without any allowances or deductions, e.g., depreciation. Guaranteeing or Avalising BankGuaranteeing or Avalising BankThe person, bank, or financial entity who gives the guarantee for the importer. Further Suggestionsminimum income guaranteeGuaranteed renewable policy insurance Medium Term Guarantee Program Multilateral Investment Guarantee Agency (MIGA) guaranteed growth bond Export Credits Guarantee Department Letter of Guarantee guaranteed income bond Guaranteed death benefit Guaranteed insurability guaranteed trust Guaranteed insurance contract guaranteed renewable policy guaranteed minimum period Guaranteed Mortgage Certificates (GMC) guaranteed sum assured guaranteed death benefit Signature guarantee Guaranteed bond Indemnity Guarantee Premium guarantee Financial guarantee insurance Guarantee Guaranteed investment contract (GIC) |
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