Guarantee

It most commonly designates a private transaction by means of which one person, to obtain some trust, confidence or credit for another, engages to be answerable for him. Guarantee is sometimes spelt guarantie or guaranty. According to various existing civil codes, a suretyship,. In England the common-law requisites of a guarantee are the. is a free online encyclopedia, created and edited by volunteers around the world and hosted by the media Foundation.

To assume or take responsibility for a debt or other obligation. To make something certain. How can we guarantee that no one can access our intranet?

In filmmaking, a guarantee , or informally a pay-or-play contract, is a term in a contract of an actor, director, or other participant that guarantees remuneration if the participant is released from the contract without being responsible. Studios are reluctant to agree to guarantees but accept them as part of the deal for signing major talent. A loan guarantee , in finance, is a promise by one party (the guarantor) to assume the debt obligation of a borrower if that borrower defaults. A guarantee can be limited or unlimite making the guarantor liable for only a portion or all of the debt.

A medallion signature guarantee is not equivalent to an American Notarial Acknowledgment. A guarantor can be any party, including an individual or another organization, with a credit history. It has a one-year guarantee that covers parts and labor. English dictionary definition of guarantee.

How to use guarantee in a sentence. He left his gold watch as a guaranty that he would bring the car back. One to whom a guaranty is made. This word is also use as a noun, to denote the contract of guaranty or the obligation of a guarantor, an as a verb, to denote the action of assuming the responsibilities of a guarantor.

We offer in-depth knowledge and expertise in niche segments, including personal insurance, corporate insurance, surety, transportation and trade credit insurance. Translation to Spanish, pronunciation, and forum discussions. Meaning, pronunciation, translations and examples.

With Orla Fitzgeral Peter Coonan, David Murray, Morgan C. Its headquarters are in Seoul. SGIC is the largest provider of surety and trade credit insurance. It is fully owned by Korea Deposit Insurance Corporation. KDIC is a government institution that insures bank deposits. If one thing guarantees another, the first is certain to cause the second thing to happen.

Surplus resources alone do not guarantee growth. The system costs £99. Something that is a guarantee of something else makes it certain that it will happen or that it is true.

A famous old name on a firm is not necessarily a. It’s much more than a return policy with strings attached. Usually, the party receiving the guarantee will first try to collect or obtain performance from the debtor before trying to collect from the one making the guarantee (guarantor). This field is intended to catch out spammers - please leave it blank.