<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/RBWEcEhY9UhMFCPiyb7IsCi">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/RfuC0yNDKhOWj8FHvjuYyg"/>
  <rdfs:label>Joint Guarantee</rdfs:label>
  <skos:altLabel>Co-Guarantee</skos:altLabel>
  <skos:altLabel>Joint Obligation Guarantee</skos:altLabel>
  <skos:altLabel>Shared Guarantee</skos:altLabel>
  <skos: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.</skos:definition>
</owl:Class>