guarantee

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guarantee

1. A legally enforceable assurance of the quality or duration of a product or of work, 1 performed.
2. A binding commitment by one person that another will perform his contract obligations satisfactorily.
References in periodicals archive ?
Government sources told Daily News Egypt that the Ministry of Finance has completed the issuance of about 17 financial guarantees and is working to complete the issuance of 13 more to be sent to the Ministry of Electricity.
The first measure concerns the financial guarantees provided by Iberpotash to regional public bodies to fulfil its environmental protection obligations.
Abu Dhabi: The Naturalisation, Residency and Ports Affairs sector at the Ministry of Interior has announced that it established a set of procedures to allow customers to automatically retrieve financial guarantees or deposits without consulting with any entity.
Guided by a vision to succeed and a mission to serve the community, it provides one-stop financial services including financial guarantees, small loans, financial consultancy, financial leasing and equity investments.
The new standard provides guidance both for governments that extend financial guarantees and for governments that benefit from them.
BEIRUT: Kafalat, a state-sponsored organization that provides financial guarantees for loans to the private sector, extended to small- and medium-sized companies a line of credit worth $55.
Financial security: the Member States may take steps to "encourage" the development of financial security instruments so as to allow companies to use suitable financial guarantees to accept their environmental liability.
That definition includes traditional instruments such as receivables, payables, debt securities and common stock, as well as more innovative financial instruments such as financial futures and forward contracts, interest rate swaps and caps, collateralized mortgage obligations and financial guarantees.
The Governmental Accounting Standards Board (GASB) today issued for public comment a proposed Statement that provides guidance to state and local governments that offer nonexchange financial guarantees and for governments that receive guarantees on their obligations.

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