guarantee


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Related to guarantee: Guarantee letter

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 ?
However, if included a Bank Guarantee will expire automatically upon the expiration of such limit.
As such, the decrease in the value of guarantees accompanied by an even higher drop in the number of guarantees resulted in a decrease in the average value per guarantee over the said month by 10.
Individuals often guarantee relatives' loans as a personal favor and without direct consideration (i.
Therefore--apart from a small share of campus-based aid provided to schools based on reallocations of unused funds--the total allocation to each institution equals the base guarantee amount plus the fair share amount.
This would then require the same reserves for a fully paid-up UL policy with a secondary guarantee as required for traditional term product Triple-X reserves, he said.
So, whether the Bengals make good on Johnson's guarantee or leave him as Hanging Chad, it's probably one that will be forgotten - just like his two guarantees a year ago.
Congress guarantees disability compensation, but it retains and employs strong oversight control.
Larger companies seeking loans for more than $834,000 will continue to negotiate with the Ex-Im Bank, which still offers a 90% loan guarantee.
With regard to the Federal Reserve's position concerning the extension of CCC export credit sales guarantees for Iraq, even before the fiscal 1990 request for such guarantees, the Federal Reserve had become concerned about Iraq's creditworthiness and about the size of the programs of CCC export credit sales guarantees that were being proposed for Iraq by the U.
Some insurers are now asking regulators if they can do separate accounts with a minimum guarantee.
Ironically, the first complaints about abuse in the USDA guarantee program came, not from government auditors, but from high-ranking Iraqi officials, who in early 1986 claimed to have received a blend of American and cheaper Brazilian tobacco when they had paid for-rather, borrowed the money for-all-American tobacco.
It's a lot of work for us but, if we're going to be in this business, we guarantee it," said Leach.