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Letter of Guarantee |
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Letter of GuaranteeA letter from a bank to a brokerage firm which states that a customer (who has written a call option) does indeed own the underlying stock and the bank will guarantee delivery if the call is assigned. Thus the call can be considered covered. Not all brokerage firms accept letters of guarantee. Also: letter issued to Option Clearing Corporation by member firms covering a guarantee of any trades made by one of its customers, (a trader or broker on the exchange floor).Letter of Guarantee Similar MatchesMultilateral Investment Guarantee Agency (MIGA)Multilateral Investment Guarantee Agency (MIGA)Agency established by the World Bank that offers various forms of political risk insurance to corporations. 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. Medium Term Guarantee ProgramMedium Term Guarantee ProgramEx-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. Signature guaranteeSignature guaranteeThe authentication of a signature in the form of a stamp, seal, or written confirmation by a bank or member of a domestic stock exchange (or other acceptable guarantor). A notary public cannot provide a signature guarantee. A signature guarantee is a common requirement when transferring or redeeming shares or changing the ownership of an account. Guaranteed bondGuaranteed bondA type of bond for which a firm other than the issuer guarantees its interest and principal payments. Further SuggestionsGuaranteeing or Avalising BankGuaranteed renewable policy insurance guaranteed income bond Guaranteed investment contract (GIC) guarantee guaranteed renewable policy guaranteed minimum pension Guaranteed insurability Guarantee Fee Guaranteed insurance contract Guaranteed replacement cost coverage insurance Indemnity Guarantee Premium Guarantee mortgage guaranteed growth bond Guarantee Financial guarantee insurance Guaranteed Mortgage Certificates (GMC) guaranteed sum assured minimum income guarantee Guaranteed death benefit Export Credits Guarantee Department guaranteed death benefit guaranteed minimum period guaranteed trust |
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