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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 MatchesGuaranteeing or Avalising BankGuaranteeing or Avalising BankThe person, bank, or financial entity who gives the guarantee for the importer. Guaranteed growth bondGuaranteed growth bondA bond in which a single premium secures a guaranteed amount at its maturity date. Guaranteed trustGuaranteed trustSome 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 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 insurabilityGuaranteed insurabilityA 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 SuggestionsGuarantee mortgageGuaranteed 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) |
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