Outrageously Funny Word Dictionary :: Preguarantee

👉 Preguaranteeing refers to a type of insurance policy that provides financial protection against losses due to certain events or occurrences. It is typically used by companies to protect themselves from potential liabilities associated with their products, services, or operations. In essence, a "preguarantee" means that the company has agreed to pay out the amount if the event does occur and it would be otherwise impossible for them to recover any money or assets involved in the loss. This type of insurance is typically used

preguaranteeing

👉 In the context of financial terms, a "preguaranteed" product or service is one that guarantees its performance based on certain conditions. This type of guarantee typically involves a specified timeline for when the product or service will be delivered or performed. For example, if a company offers a preguaranteed product or service with a specific date by which it must be delivered to customers, this would qualify as a "preguaranteed" product or service. Similarly, a company might offer a

preguaranteed

👉 In finance, a preguarantee is a guarantee that a party will pay a sum of money or goods to another party in exchange for the fulfillment of certain conditions. It is typically used in situations where one party has a financial obligation and requires the other party to fulfill it. A preguarantee can be either verbal or written, but its main purpose is often to ensure that the promised amount of money or goods will be paid if the condition is met. The term "preguar

preguarantee