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Guarantee: Difference between revisions
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{{a|security|}}A form of {{t|credit support}} where one chap agrees to make good the obligations of another chap to a third party, if the second chap can’t or won’t. | {{a|security|}}A form of {{t|credit support}} where one chap agrees to make good the obligations of another chap to a third party, if the second chap can’t or won’t. Rather similar — ''very'' similar — ''strikingly similar'' — to a [[surety]]. | ||
==Types of guarantee== | ==Types of guarantee== | ||
There’s a saying in legal circles: [[anus matronae parvae malas leges faciunt]]: ''little old ladies make bad law''. | There’s a saying in legal circles: [[anus matronae parvae malas leges faciunt]]: ''little old ladies make bad law''. | ||
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{{sa}} | {{sa}} | ||
*[[Surety]] | |||
*The [[JC]]’s handy [[guarantee checklist]] | *The [[JC]]’s handy [[guarantee checklist]] | ||
*{{isdaprov|Credit Support Document}} | *{{isdaprov|Credit Support Document}} | ||