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  2. Personal guarantee - Wikipedia

    en.wikipedia.org/wiki/Personal_guarantee

    Personal guarantee. A personal guarantee is a promise made by a person or an organization (the guarantor) to accept responsibility for some other party's debt (the debtor) if the debtor fails to pay it. In the case of a personal guarantee made by an individual on behalf of another, the person who makes the personal guarantee is usually referred ...

  3. Guarantee - Wikipedia

    en.wikipedia.org/wiki/Guarantee

    Guarantee. A guarantee is a form of transaction in which one person, to obtain some trust, confidence or credit for another, agrees to be answerable for them. It may also designate a treaty through which claims, rights or possessions are secured. [1] It is to be differentiated from the colloquial "personal guarantee" in that a guarantee is a ...

  4. Loan agreement - Wikipedia

    en.wikipedia.org/wiki/Loan_agreement

    Loan agreements are documented via their commitment letters, agreements that reflect the understandings reached between the involved parties, a promissory note, and a collateral agreement (such as a mortgage or a personal guarantee). Loan agreements offered by regulated banks are different from those that are offered by finance companies in ...

  5. Business loan personal guarantee: Read this before signing - AOL

    www.aol.com/finance/business-loan-personal...

    Personal guarantees require a person to take responsibility if a business defaults. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ...

  6. Do Personal Guarantees Affect Credit Scores? - AOL

    www.aol.com/finance/personal-guarantees-affect...

    A personal guarantee means you personally promise that a debt will be paid back. If you sign a personal guarantee on a business loan, you are responsible for paying back the money if the business ...

  7. Bank guarantee - Wikipedia

    en.wikipedia.org/wiki/Bank_guarantee

    A bank guarantee is a kind of guarantee from a lending organization. The bank guarantee signifies that the lending institution ensures that the liabilities of a debtor are going to be met. In other words, if the debtor fails to perform the obligation, the bank will cover it. A bank guarantee allows the customer, or debtor, to acquire goods ...

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