English version

guaranty

From Longman Business Dictionary
Related topics: Finance, Law
guarantyguar‧an‧ty /ˈgærənti/ noun (plural guaranties) [countable] American English FINANCELAW a formal promise, especially of paymentOur corporation is now owned by the federal government, but our debt doesn’t carry an explicit government guaranty.Guaranty funds provide the best system for protecting policyholders.
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