guarantee

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Related to Financial Guarantee: Financial guarantee insurance

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 ?
In conjunction with the update, RAM has also renamed the terminology used to assign ratings to insurance companies, from claims-paying ability rating (applicable to most entities in the insurance industry) and financial enhancement rating (applicable to financial guarantee insurers) to insurer financial strength (IFS) rating.
Summary: Customers to automatically retrieve financial guarantees or deposits without consulting with any entity
The Group's revenue from the financial guarantee business was approximately RMB12.
A beneficiary of a financial guarantee typically is legally required to reimburse the guarantor for payments made on its behalf.
The backing of the financial guarantee enhances the credit profile of the proposed MTN beyond BerjayaCity's stand-alone credit risk.
The scope of this Statement is limited to financial guarantee insurance (and reinsurance) contracts, as described in this Statement, issued by enterprises included within the scope of Statement 60.
The financial guarantee is made to developers or vendors on the buyer's behalf.
In the absence of triple-A credit enhancement through a financial guarantee company, the notes would be subject to some level of mortality risk of the policy block, and could then be considered as mortality risk notes.
On the question of mandatory financial guarantees (which has now been postponed until the Directive is given a subsequent review) and mitigating factors that may allow companies to avoid environmental clean-up costs, the Ministers have missed an opportunity to create a genuine incentive for companies to avoid causing environmental damage, argue the NGOs.
The amendment does not affect the requirement for operators to provide a financial guarantee.
The new subsidiary, Yasuda Kasai Financial Guarantee Insurance Co.

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