# Joint Guarantee

**IRI:** https://folio.openlegalstandard.org/RBWEcEhY9UhMFCPiyb7IsCi

## Labels

**Alternative Labels:**

- Co-Guarantee
- Joint Obligation Guarantee
- Shared Guarantee

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/RfuC0yNDKhOWj8FHvjuYyg

**Deprecated:** False