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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 MatchesGuaranteeGuaranteeA 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. Indemnity Guarantee PremiumIndemnity Guarantee PremiumAdditional one-off fee paid to the lender to protect them against the borrower defaulting. Independent Financial Advisor In theory, these intermediaries should look at the entire financial market before making a selection and offer unbiased advice and access to all suitable financial products. they sometimes still have access to special deals not on offer elsewhere because they may subscribe to a mortgage panel along with other advisers and brokers. Together they convince lenders to provide special packages in return for their continued custom. The only trouble is that they have to deliver a certain level of business over a year to remain on the panel, so they may favour some products over others. Guaranteeing or Avalising BankGuaranteeing or Avalising BankThe person, bank, or financial entity who gives the guarantee for the importer. Multilateral 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. Guaranteed minimum pensionGuaranteed minimum pensionThe minimum pension payable by a pension scheme in order that members may contract out of S2P (State Second Pension). Further Suggestionsguaranteed minimum periodminimum income guarantee guaranteed sum assured Financial guarantee insurance guaranteed renewable policy guaranteed death benefit Guarantee Fee Guaranteed Mortgage Certificates (GMC) Guaranteed renewable policy insurance guaranteed trust Guaranteed insurance contract MIG Mortgage Indemnity Guarantee Guaranteed insurability guaranteed income bond Export Credits Guarantee Department Signature guarantee Guarantee Guaranteed death benefit Guaranteed replacement cost coverage insurance Guarantee mortgage Guaranteed bond Medium Term Guarantee Program Guaranteed investment contract (GIC) guaranteed growth bond |
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