guarantee

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Related to guarantees: Financial Guarantees, Bank Guarantees

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 ?
163(j) was amended to treat all guarantees as giving rise to disqualified interest, provided that the guarantor is either exempt from income taxation under the Code or a foreign person.
Pioneer's Living Income Guarantee for 2 is designed to convert retirement savings into an income stream that is fully guaranteed for the joint lifetime of a married couple.
Guaranteed Minimum Withdrawal Benefit (GMWB) -- Guarantees that a fixed percentage -- generally five-to-seven percent -- of the annuity premiums can be withdrawn annually for a specified period of time until the entire amount of paid premiums has been withdrawn, regardless of market performance.
Until the 10 year contract anniversary, the Guaranteed Accumulation Amount does not guarantee a cash or account balance and is not available as a lump sum withdrawal.
DiGenova further explained, "The concept of a guarantee fits perfectly with our overall philosophy of fairness, transparency, and abundant information when dealing with our clients.
If the investor's current contract value is greater than their guaranteed benefit once withdrawals begin, they will pay for a guarantee that is not exercised.
The guaranteed portfolio consists of 107 permanent and construction loan guarantees on individual multifamily properties aggregating $895 million of risk in force, four single-family primary reinsurance arrangements aggregating $9.
While Fitch's recovery rating methodology is adaptable for various structured transactions, partial-credit guarantees have emerged as the most prevalent, according to Managing Director Greg Kabance.
In the event that this reserve fund is completely depleted, any liquidated losses causing a shortfall of interest on class B-1 and/or class B-2 will be covered by the aforementioned limited guarantee.
BANK are based on the guarantees provided by its state-linked owners in the form of Anstaltslast and Gewaehrtraegerhaftung, and Fitch's 'AAA' rating for the state of North Rhine Westphalia.