Loan Guarantee Meaning
Sometimes a guaranteed loan is guaranteed by a government.
Loan guarantee meaning. A loan guarantee from the government allows businesses to borrow money at cheaper rates. A guaranteed loan is a loan that a third party guarantees or assumes the debt obligation for in the event that the borrower defaults. An undertaking by a government to pay a debt if the borrower defaults meaning pronunciation translations and examples.
The guarantor might be liable for just a portion of the debt limited guarantee or all of it unlimited. Loan guarantee fund package program bank of scotland provided 100 000 of equity guaranteed in part by the department of trade and industry s small firms loan guarantee scheme. 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.
Definition and meaning a loan guarantee is a pledge by one party to become liable for a debt obligation if a borrower defaults.
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