Home
E-Mail
Latest

Payment Guaranty Financial Glossary

What is it? A guaranty in which the signer is guarantying payment of the obligation upon the borrowers failure to pay without the bank having to first attempt to collect from the borrower or from any collateral.

Finance Term Definition Added By: Jacob

The Payment Guaranty definition has been viewed 1833 Time(s)!




Send To Friends!

If you'd like to send the Payment Guaranty definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -





We hope you now understand the meaning of Payment Guaranty. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Default is An account on which the payments have not been made according to the terms.

Financial Term Cash Reserves is A cash amount sometimes required to be held in reserve in addition to the down payment and closing costs. The amount is determined by the lender.

Financial Term Free Application for Federal Student Aid (FAFSA) is The financial aid application document completed by the student, and the students parents if applicable, that collects household and financial information. The FAFSA is the foundation document for all federal need analysis computations and database matches performed for a student.

Financial Term Intellectual property rights is Intellectual Property Rights cover all aspects of owning, protecting and giving access to knowledge and pre-existing know how.

Financial Term duration MVPE is The measured interest rate sensitivity of bank equity calculated with the use of duration methodology. The modified duration of equity. This name is used to distinguish between MVPE rate sensitivity calculated using duration methodology and the more common VAR calculation using economic value simulation methodology.