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Guarantee |
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GuaranteeA 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.GuaranteeThe assumption of responsibility for payment of a debt or performance of some obligation if the liable party fails to perform to expectations.Guarantee Similar MatchesGuaranteed 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. Financial guarantee insuranceFinancial guarantee insuranceInsurance created to cover losses from specified financial transactions. Export Credits Guarantee DepartmentExport Credits Guarantee DepartmentThe government department which helps companies finance exports, mainly by insuring them against the possibility of non-payment by their customers. Minimum income guaranteeMinimum income guaranteeThe Minimum Income Guarantee tops up pensioners' incomes from the basic state pension. In the year 2003, the top up is to £102.10 a week for a single person to £155.80 for a couple.The MIG rises with wages inflation which tends to move faster than price inflation (on which the basic state pension is based) so in time the gap between the state pension and the MIG should grow.Anyone with assets over £12,000 is disqualified from the MIG. Guaranteed income bondGuaranteed income bondA bond in which a single premium secures a guaranteed regular income until maturity at which time the original premium is returned. Further SuggestionsGuaranteed Mortgage Certificates (GMC)guaranteed minimum pension guaranteed death benefit Signature guarantee Medium Term Guarantee Program Guaranteed investment contract (GIC) guaranteed trust Guaranteed death benefit guaranteed renewable policy Guarantee mortgage Guaranteed insurance contract guaranteed growth bond Indemnity Guarantee Premium Letter of Guarantee guaranteed minimum period Guaranteed renewable policy insurance MIG Mortgage Indemnity Guarantee Guarantee Fee Guaranteed insurability Guaranteed bond Multilateral Investment Guarantee Agency (MIGA) Guaranteeing or Avalising Bank guaranteed sum assured |
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