{"iri":"https://folio.openlegalstandard.org/RBWEcEhY9UhMFCPiyb7IsCi","label":"Joint Guarantee","sub_class_of":["https://folio.openlegalstandard.org/RfuC0yNDKhOWj8FHvjuYyg"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":["Co-Guarantee","Joint Obligation Guarantee","Shared Guarantee"],"translations":{},"hidden_label":null,"definition":"A Joint Guarantee is a financial arrangement where an entity other than the issuer, typically a corporation, provides an assurance to fulfill the obligations of a debt instrument if the primary obligor defaults. This type of guarantee creates a shared responsibility for the debt, with both the issuer and the guarantor being jointly liable for the repayment, thus enhancing the creditworthiness of the instrument.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}