Continuing guarantee
A guarantee designed to cover an ongoing or changing balance, rather than one fixed transaction, subject to its wording.
Related terms
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Guarantee liability
The amount or obligation a guarantor may have to pay under the wording of a valid and enforceable guarantee.
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Corporate guarantee
A guarantee given by one company for the debts or obligations of another person or company.
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Personal guarantee exposure
The amount a guarantor may personally be at risk for under one or more guarantees, subject to the wording, security and enforceability of each agreement.
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