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A curated collection of wild, outrageous, and hilarious profanity definitions and pronunciations for your churning, educational learning, and entertainment.

Results for "unguaranteed"

Unguaranteed

Definition: Unguaranteed is a term used in accounting and finance to describe a situation where there is an obligation, but no guarantee that it will be fulfilled. This means that if something goes wrong or fails, you are not responsible for any loss or damage. Unguaranteed liabilities can arise from various sources such as financial losses due to unforeseen events, market fluctuations, or insolvency of the company.


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Nonguaranties

Definition: Nonguaranteed debts, also known as unguaranteed loans or unguaranteed credit, are financial obligations that do not have a guarantee provided by an external party. These types of debts can be secured, meaning they are linked to an asset such as property, and the borrower is responsible for repaying the debt in full when the asset is sold. Nonguaranteed debts are typically used in situations where there is no guarantee or assurance that the borrower will be able to pay back


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