A monetary guarantee that ensures an individual released from jail will attend future court appearances. Failure to appear results in forfeiture of the bond.
A guarantee is a formal promise made by a third party, known as a guarantor, ensuring the fulfillment of contractual obligations if the primary party defaults. This mechanism is often used in financial transactions to mitigate risk.
A letter provided to a bank by the parent company of a subsidiary applying for a loan, offering informal assurance without a formal guarantee of repayment responsibility.
A limited company is a type of company structure where the liability of members is restricted to their investment or guarantee amount.
An underwriter assesses risks and decides whether or not these risks can be insured, setting the appropriate premium charges, typically based on the frequency of past claims. Additionally, underwriters play a crucial role in financial transactions by guaranteeing to buy unsold shares during new issue offerings.
A warranty is a guarantee provided by a seller to a buyer that the goods or services purchased will perform as promised. If not, a refund, exchange, or repair will be offered at no charge.
