Guaranty

Resource type: Glossary item

Status: Maintained

Jurisdiction: USA

Also known as a guarantee. An agreement by which a party (the guarantor) assumes the responsibility for the payment or performance of an obligation or action of another party.

For more information, see Practice Note, Guaranties: Overview (www.practicallaw.com/3-381-0294) and Standard Document, Guaranty (www.practicallaw.com/2-383-6379).

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  • Resource ID: 8-382-3519
  • Products:  PLC US Corporate & Securities, PLC US Finance, PLC US Glossary, PLC US Law Department
  • This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.
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Practice note: overview
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