A loan guarantee, in finance, is a promise by one party (the guarantor) to assume the debt obligation of a borrower if that borrower defaults.
Read more about Loan Guarantee: Government Loan Guarantees
Famous quotes containing the words loan and/or guarantee:
“Neither a borrower nor a lender be,
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.
This above all: to thine own self be true,
And it must follow, as the night the day,
Thou canst not then be false to any man.”
—William Shakespeare (1564–1616)
“... the attempt to control poetry, to subordinate it to extrapoetic ends, constitutes misuse.... it may be poetry’s stubborn quality of rockbottom, intrinsic uselessness which ... constitutes the guarantee of its integrity, and hence of its ultimate value to us.”
—Jan Clausen (b. 1943)