Guarantee


 

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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

Guaranteed investment contract (GIC)

Guaranteed investment contract (GIC)

 A pure investment product in which a life company agrees, for a single premium, to pay at a maturity date the principal amount of a predetermined annual crediting (interest) rate over the life of the investment.


Guaranteeing or Avalising Bank

Guaranteeing or Avalising Bank

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


Guaranteed renewable policy

Guaranteed renewable policy

An insurance policy which is guaranteed renewable provided premiums are paid. The policy conditions remain unchanged although the insurers may review premium rates.


Guaranteed renewable policy insurance

Guaranteed renewable policy insurance

A type of insurance policy that requires the insurer to renew the policy to an individual regardless of health changes. No changes may be made to an individual policyholder unless the same change is applied to all policyholders.


Medium Term Guarantee Program

Medium Term Guarantee Program

Ex-Im Bank effort encouraging commercial lenders to finance the sale of U.S. capital equipment and services to approved foreign buyers. The Ex-IM Bank guarantees the principal and interest on these loans.


Further Suggestions

Signature guarantee
Indemnity Guarantee Premium
MIG Mortgage Indemnity Guarantee
Guaranteed death benefit
Guaranteed insurability
minimum income guarantee
Guaranteed insurance contract
Export Credits Guarantee Department
Guaranteed bond
guaranteed trust
Multilateral Investment Guarantee Agency (MIGA)
guaranteed minimum pension
Letter of Guarantee
guaranteed death benefit
Guarantee mortgage
Financial guarantee insurance
guaranteed income bond
guaranteed growth bond
Guaranteed Mortgage Certificates (GMC)
guaranteed sum assured
Guaranteed replacement cost coverage insurance
Guarantee Fee
guaranteed minimum period


 
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