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 ?
Georgia Power expects to provide around $500m in present-value benefits to its consumers, as over $5bn is anticipated in DOE loan guarantees.
For example, the Federal Housing Administration (FHA) and the Veterans Administration both offer loan guarantees to private lenders, and, in both 2009 and 2010, the FHA alone issued roughly two million guarantees and, as of 2010, insured nearly one-tenth of the stock of outstanding U.
The United States today re-affirmed its strong commitment to the people of Jordan by signing a sovereign loan guarantee agreement with the Hashemite Kingdom of Jordan," the State department said.
The MoCI programme, which was launched on 31 October last year, will initially give out loan guarantees to 50 small and medium companies during the trial period," said a report in the Muscat Daily newspaper.
Federal loan guarantees for the pipeline are $21 billion.
Global Banking News-September 28, 2011--Citi to offer loan guarantee for solar firm(C)2011 ENPublishing - http://www.
23 September 2010 - Slovenia has granted loan guarantees worth a total EUR89.
The United States Department of Energy (DOE) is planning to sign conditional loan guarantees with 10 to 15 additional renewable energy and energy efficiency projects in the next six months, according to Doug Schultz, the head of the programme.
NOT a single loan or loan guarantee has been made under the Government's automotive assistance programme, a report from MPs said today.
It provides access to loans and loan guarantees totalling pounds 2.
4 billion in loans and loan guarantees to build and repair over 12,000 miles of distribution and transmission lines and make system improvements that will benefit almost 113,000 rural customers.
Congress allotted $320 million for loan guarantees.