Loan guarantee
A loan guarantee, in finance, is a promise by one party (the guarantor) to assume the debt obligation of a borrower if that borrower defaults. A guarantee can be limited or unlimited, making the guarantor liable for only a portion or all of the debt. Guarantor mortgages are popular with young borrowers who do not have a large deposit saved and need to borrow 100% of the property value to purchase a property. Generally, their parents will provide a guarantee to the lender to cover any shortfall in the event of default.
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Loan guarantee
A loan guarantee, in finance, is a promise by one party (the guarantor) to assume the debt obligation of a borrower if that borrower defaults. A guarantee can be limited or unlimited, making the guarantor liable for only a portion or all of the debt. Guarantor mortgages are popular with young borrowers who do not have a large deposit saved and need to borrow 100% of the property value to purchase a property. Generally, their parents will provide a guarantee to the lender to cover any shortfall in the event of default.
has abstract
A loan guarantee, in finance, ...... tfall in the event of default.
@en
Une garantie de prêt est une p ...... l'hawala d'origine islamique.
@fr
يشير مفهوم ضمان القرض في المجا ...... ي نقص في حالة التخلف عن الدفع.
@ar
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Wikipage page ID
Wikipage revision ID
722,385,287
hypernym
comment
A loan guarantee, in finance, ...... tfall in the event of default.
@en
Une garantie de prêt est une p ...... l'hawala d'origine islamique.
@fr
يشير مفهوم ضمان القرض في المجا ...... ي نقص في حالة التخلف عن الدفع.
@ar
label
Garantie de prêt
@fr
Loan guarantee
@en
ضمان القرض
@ar