Guarantee mortgage


 

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Guarantee mortgage

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



Guarantee mortgage

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Guaranteed sum assured

Guaranteed sum assured

A term used by some life companies which refers to the minimum sum payable by a life policy either on the death of the life assured or on maturity.


Guaranteed death benefit

Guaranteed death benefit

Policies where the company will pay out a certain amount when you die.


Guaranteed bond

Guaranteed bond

A type of bond for which a firm other than the issuer guarantees its interest and principal payments.


Guarantee Fee

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

Guarantee

A commitment made by a person to be answerable for the debts or liabilities of another.A document, supplied by a manufacturer, indicating that in the event of product failure it will be repaired or replaced. This usually involves a specified time period. Also known as a warranty.


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