Undue influence
Improper pressure that overcomes a person’s free choice when entering a transaction. It can be relevant to the enforceability of guarantees and security in some circumstances.
Related terms
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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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Release from guarantee
A written agreement by the creditor that the guarantor is no longer bound by some or all obligations under the guarantee.
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Continuing guarantee
A guarantee designed to cover an ongoing or changing balance, rather than one fixed transaction, subject to its wording.
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