Guarantee


 

Home
Site Map
Add Term
Search
About Us
Contributors

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.

Guarantee

The assumption of responsibility for payment of a debt or performance of some obligation if the liable party fails to perform to expectations.



Guarantee

Similar Matches

Guaranteeing or Avalising Bank

Guaranteeing or Avalising Bank

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


Guaranteed growth bond

Guaranteed growth bond

A bond in which a single premium secures a guaranteed amount at its maturity date.


Guaranteed trust

Guaranteed trust

Some unit trusts offer a floor price and guarantee their bid price will not be allowed to fall below that level. They also 'lock in' any growth achieved every few months.From an investor's point of view, this guarantee provides reassurance about the value of their investment. Even if the value of the trust's assets falls well below the floor, the bid price (the amount that an investor can sell his units for) will remain at the guaranteed level.


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 insurability

Guaranteed insurability

A life and health insurance policy feature that enables the insured to add coverage at future times and at fixed and agreed-upon rates regardless of health conditions.


Further Suggestions

Guarantee mortgage
Guaranteed replacement cost coverage insurance
minimum income guarantee
Signature guarantee
Export Credits Guarantee Department
Guaranteed renewable policy insurance
Medium Term Guarantee Program
Guaranteed bond
Financial guarantee insurance
Letter of Guarantee
guaranteed renewable policy
Guaranteed Mortgage Certificates (GMC)
Guaranteed death benefit
Guarantee Fee
guaranteed income bond
guaranteed minimum period
Guaranteed insurance contract
Multilateral Investment Guarantee Agency (MIGA)
guaranteed minimum pension
Indemnity Guarantee Premium
guaranteed death benefit
guaranteed sum assured
Guaranteed investment contract (GIC)


 
All rights Reserved. Do not copy without permission.