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What is a guarantee of debt 2024?

Benjamin Brown | 2023-05-07 09:37:17 | page views：1423
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Lucas Brown

Works at the United Nations Office on Drugs and Crime, Lives in Vienna, Austria.
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 unlimited, making the guarantor liable for only a portion or all of the debt.
2023-05-10 09:37:17
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Sophia Foster

QuesHub.com delivers expert answers and knowledge to you.
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 unlimited, making the guarantor liable for only a portion or all of the debt.
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