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 ?
Communicating with its members and clients through an Extranet, CG-FNAIM had to harmonize information available on line with its unique application of financial guarantee running on an IBM legacy system.
The proposed Statement requires a state and local government guarantor that offers a nonexchange financial guarantee to another organization or government to recognize a liability on its financial statements when it is "more likely than not" that the guarantor will actually make a payment to the obligation holders under the agreement.
Disclosures related to cumulative amounts paid or received in relation to a financial guarantee could be applied prospectively and other provisions would be required to be applied retroactively.
AGM" and, together with AGE, "Assured Guaranty"), it provided a financial guarantee with respect to a UK Private Finance Initiative ("PFI") bond issue, originally issued by Worcestershire Hospital SPC Plc on March 31st 1999 to raise 97.
It marks a very important step in bringing the capital markets back to infrastructure finance and revalidates the monoline financial guarantee model as a key part of that - enhancing creditworthiness, reducing and monitoring risks and improving capital treatment for investors, while widening market access and reducing funding costs for issuers.
Seminar on Financial Guarantees and Credit Enhancement
FSA Holdings) is a New York-headquartered holding company whose subsidiaries provide financial guarantees in both the public and private sectors around the world.
In addition, Fraser Papers has made certain financial guarantees pursuant to the sale of its Midwest Operations to Smart Papers in 2005.
NYSE: ABK) ("Ambac") announced today that its financial guarantee insurance subsidiary, Ambac Assurance Corporation ("Ambac Assurance"), has entered into a commitment to reinsure to Assured Guaranty Re Ltd.

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