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 ?
When comparing direct loans and loan guarantee programs, we find that loan guarantees are better at promoting entrepreneurship at the cost of lower average business quality and higher bankruptcy cost.
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.
(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.
In the United States, the most obvious loan guarantee programs for households are those that accompany home loans.
The United States signed, Tuesday, June 3, 2014, a loan guarantee agreement that will allow Tunisia to have access to 500 million dollars, equivalent to 800 million dinars, in international capital markets.
Callaway Electric Cooperative in Missouri, which serves 13,000 customers, received a $9.3 million loan guarantee. The funds will be used to build 40 miles of distribution line and make other system improvements.
Although the accountant who had sold the taxpayers on the plan to buy AFS through IRAs did not tell them that a loan guarantee with FP Co.
Cincinnati State Technical and Community College (Ohio) officials said they welcome federal approval of a $1 million loan guarantee to the city of Middletown, Ohio, to help finance a revitalization initiative tied to the college's new campus there.