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.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
References in periodicals archive ?
(AGL and, together with its subsidiaries, Assured Guaranty) is the leading provider of financial guarantees for principal and interest payments due on municipal, public infrastructure and structured financings.
Also, in this role DTW will help introduce prospective issuers to Assured Guaranty and other market participants undertaking transactions, where financial guarantees could be beneficial.
Government sources told Daily News Egypt that the ministry of finance will be holding a meeting next month with the Chinese Development Bank (CDB) to look into issuing the financial guarantee of the project after the bank made an offer to fund the establishment of the station for $3.7bn.
Lt Col Mattar Kharbash, head of the Team Supporting Smart e-transition at the Naturalisation, Residency and Ports Sector, indicated that banks operating in the country have different time frames for refunding the financial guarantees to their customers, in accordance with the work mechanisms adopted by the banks that issued the e-payment cards to customers.
Al Khaiaili said: "Should the visitor exceed the duration of his stay in the country, he (the applicant), won't be able to retrieve the financial guarantee for violating the regulations and laws on the basis of which the entry permit was issued."
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.
"Hoegh LNG won the tender, but the conditions offered by the counterparts in terms of commercial and financial guarantees were not good enough," one source said.
The new standard provides guidance both for governments that extend financial guarantees and for governments that benefit from them.
The AGF, designed and funded by the African Development Bank (AfDB) in partnership with the governments of Denmark and Spain, will provide financial guarantees to financia institutions to stimulate financing to SMEs and unlock their potential to deliver inclusive growth in the region.
Shinwari said Islamabad had expressed willingness to allow Afghan trucks carrying goods to enter Pakistani ports after banks and insurance companies refused to provide financial guarantees for Afghan containers.
The GACA also requires that all airline companies that do not normally operate regular commercial flights to Saudi Arabia according to bilateral or commercial agreements and wish to operate during the Haj period should present financial guarantees to the authority from a local bank.

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