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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 MatchesGuaranteed 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. Guaranteed growth bondGuaranteed growth bondA bond in which a single premium secures a guaranteed amount at its maturity date. 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. 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 renewable policyGuaranteed renewable policyAn insurance policy which is guaranteed renewable provided premiums are paid. The policy conditions remain unchanged although the insurers may review premium rates. Further SuggestionsGuarantee FeeGuaranteeing or Avalising Bank Guaranteed Mortgage Certificates (GMC) guaranteed death benefit Guaranteed insurability Financial guarantee insurance guaranteed minimum period Guaranteed investment contract (GIC) guaranteed minimum pension guaranteed sum assured minimum income guarantee Multilateral Investment Guarantee Agency (MIGA) Guaranteed death benefit Guaranteed insurance contract Signature guarantee Guaranteed replacement cost coverage insurance Guarantee mortgage Guarantee guaranteed trust Guaranteed bond Medium Term Guarantee Program Guaranteed renewable policy insurance Export Credits Guarantee Department guarantee |
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