Identification
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.
Class Relationships
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Parent Class Of 0
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Additional Information
Metadata
Comment
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Description
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Notes
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Editorial Information
History Note
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Editorial Note
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Deprecated
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Source and Origin
No source or origin information available