0
A non-cancelable indemnity bond guaranteeing the timely payment of principal and interest due on securities by the maturity date. If the issuer defaults, the insurer will pay a fixed sum of money to holders of the securities.
Wiki User
∙ 14y ago
A financial guarantee is a promise made by one party to assume the financial obligations of another party in the event that they cannot fulfill their obligations. It is a form of credit enhancement that provides assurance to lenders or investors that they will be paid back even if the borrower defaults. Financial guarantees are typically issued by banks or insurance companies.
Add your answer:
Earn +20 pts
The quality of a financial guarantee depends on the reputation and financial strength of the?
The quality of a financial guarantee depends on the reputation and financial strength of the guarantor.
What financial institutions in Wyoming participate in the Medallion Signature Guarantee Program?
what financial instutions in Wyoming participate in medallion signaure guarantee
What are non-fund based financial services?
Letter of CreditBank Guarantee
What is a Another word for bail?
security, surety, bond, payment and financial guarantee.
What has the author Ruth Gastel written?
Ruth Gastel has written: 'Financial Guarantee Insurance'
Does Fidelity Investments participate in the Medallion signature guarantee program?
investigation and financial product
Im a Notary What tests do you need to take to Be able to signature gaurentee a document?
I believe that that the "signature guarantee" to which you're referring pertains to financial and monetary documents. The "signature guarantee' that they require is the actual signature of a bank or financial institution officer.
What are the financial risks for a veterinarian?
The financial risks for a veterinarian are mainly associated with the demand for their services. A veterinarian needs to invest in modern equipment but this does not guarantee jobs.
What is the difference between a corporate guarantee and a bank guarantee?
A Bank guarantee is given by the bank on behalf of it's customer (applicant) to the beneficiary of the bank, that in case of non happening of the particular event which is being covered by that particular guarantee, the bank ( guarantor) will pay the beneficiary an amount, which is mentioned in the guarantee, provided the beneficiary submit the claim under the guarantee in the agreed format and within agreed time. The claim ( compensation) under the bank guarantee will be financial in nature. A corporate guarantee is a guarantee given by the corporate to cover their own exposure or exposure of some other related entity, to the bank. It will also be financial in nature and banks derive an additional comfort from such guarantees when they do their lending to particular borrower.
Is Financial Guarantee Corp legitimate?
Definite scam warning at this website claiming to be Financial Guarantee Corp - Financialguarantee.com - I would not trust Financial Guarantee, They are using Nevadafirst.com for to incorporate business in Nevada with an address. You don't know their actual address and there are no names on the website at all.Do your homework before start libeling companies sdresh. Financial Guarantee Corp is incorporated in Nevada (along with thousands of other corporations). We have a registered address in Las Vegas (it is stated on our website) and offices in Southern California (read the website). We do not hide behind any "corporate veil". We pay our taxes (a lot more than you do, I'll bet!). My name and contact details are stated on the website - and always have been. Have the guts to state your real name if your going to make comments like you did. Kim Epton FINANCIAL GUARANTEE CORP
What is financial guarantee?
applicant having obligation to pay the beneficiary (for example, beneficiary supplies goods to applicant). in this applicant is obliged to pay the amount for the goods supplied by the beneficiary. This is purely financial obligation.
How does Scotia OnLine handle unauthorized transactions?
Scotia OnLine offers an online security guarantee to their banking customers. The guarantee fully reimburses customers should they suffer a financial loss due to unauthorized activity.
