Business, Legal & Accounting Glossary
A guaranty to a lender that a loan will be repaid, guaranteed by a company other than the one who took the loan. Typically, a larger company (often a parent company, or another related company) will make the guarantee on behalf of a smaller company who may not be well known or have developed a relationship with the lender.
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This glossary post was last updated: 20th November, 2021 | 0 Views.