Loan Guarantee

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.

Read more about Loan Guarantee:  Government Loan Guarantees

Famous quotes containing the words loan and/or guarantee:

    “Slight was the thing I bought,
    Small was the debt I thought,
    Poor was the loan at best—
    God! but the interest!”
    —Paul Laurence Dunbar (1872–1906)

    “The guarantee that our self enjoys an intended relation to the outer world is most, if not all, we ask from religion. God is the self projected onto reality by our natural and necessary optimism. He is the not-me personified.”
    —John Updike (b. 1932)