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 ?
But while DOE accorded to finance 1366 Technologies first large-scale solar manufacturing facility in upstate New York in 2011, six and a half years later no payments have been made, and the firm has withdrawn from the loan guarantee process.
NYSE: BIOA) has reached a milestone in its application for a USD360 million loan guarantee from the US Department of Energy (DOE), the company said.
loan guarantee agreement is designed to support specific economic reforms that the Government of Jordan has been pursuing in order to promote economic stability, growth and prosperity for the Jordanian people.
As a result, the more effective any loan guarantee scheme is in spurring borrowing and consumption, the more prevalent that default and deadweight losses will be on the equilibrium path.
The Department of Treasury noted in a statement that the US loan guarantee "will allow Jordan to access affordable financing from international capital markets, ensuring that Jordan can continue to provide critical services to its citizens as it enacts transformative economic reforms and hosts 600,000 refugees who have fled the violence inside Syria.
Seen Parnell, Begich said it would be very difficult for the state's congressional delegation to get an increase in the federal loan guarantee.
needs the HUD Section 108 Loan Guarantee to ensure it receives the necessary financing for its expansion and growth plans, which include retaining its 47 current employees, and creating a minimum of 35 full-time jobs.
Citigroup Inc (NYSE: C) and others have announced that they would be offering a loan guarantee to a solar firm.
The loan guarantee is for constructing the Mojave Solar Project.
Department of Energy's Section 1705 Loan Guarantee Program for Commercial Technology Renewable Energy Projects.
NOT a single loan or loan guarantee has been made under the Government's automotive assistance programme, a report from MPs said today.
A GOVERNMENT aid scheme for the recession-battered motor industry which has failed to produce a single loan or loan guarantee was attacked by MPs today as a "wasted opportunity".