Outrageously Funny Word Dictionary :: Guarantine

👉 Guarantee in the context of finance refers to a promise or guarantee that a financial institution will pay out money when it is due. This can be given by an individual, company, government agency, or other entity. In the case of a loan, the guarantor would typically sign on to a document that guarantees repayment of the loan if the borrower defaults. For example, if a company borrows money from a bank and agrees to pay back the borrowed funds in full within a certain time frame

guarantine