Guarantee: Difference between revisions

Guarantee (view source)

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 ==Components of a guarantee==
-*'''[[Continuing guarantee]]''': A continuing guarantee is one where the guarantor assumes liability for all the debtor's past, present and future obligations to a creditor. Even where the amount owing has been completely paid, the guarantor can still be liable under that line of credit if there is a subsequent indebtedness. This is useful for revolving credit facilities and other forms of indebtedness with a "now you see it, now you don't" sort of a flavour to them.
+*{{Continuing guarantee description}}
 ===See Also===
 *{{isdaprov|Credit Support Document}}
 *[[Guarantees of the ISDA]]