Guaranty Agreement definition: Copy, customize, and use instantly
Introduction
The term "Guaranty Agreement" refers to a contract in which one party (the guarantor) agrees to take on the responsibility for the debt or obligations of another party (the principal) if that party defaults. It is essential for securing financial transactions and ensuring repayment or performance by the principal.
Below are various examples of how "Guaranty Agreement" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Guaranty Agreement" as an agreement involving a third-party guarantee
This definition ties "Guaranty Agreement" to a third-party guarantee of obligations.
"Guaranty Agreement" means a contract in which a third party (the guarantor) agrees to assume responsibility for the obligations of the primary debtor in the event of default.
Definition of "Guaranty Agreement" as a contractual promise to fulfill obligations
This definition connects "Guaranty Agreement" to a promise to fulfill obligations if necessary.
"Guaranty Agreement" refers to an agreement where a guarantor promises to fulfill the financial or contractual obligations of another party if they fail to do so.
Definition of "Guaranty Agreement" as a financial security instrument
This definition links "Guaranty Agreement" to financial security.
"Guaranty Agreement" means an arrangement where a guarantor agrees to cover a financial obligation in the event that the primary debtor defaults.
Definition of "Guaranty Agreement" as a contract ensuring debt repayment
This definition ties "Guaranty Agreement" to debt repayment assurance.
"Guaranty Agreement" refers to an agreement in which a guarantor commits to repay a debt owed by the principal if the principal fails to meet their repayment obligations.
Definition of "Guaranty Agreement" as a promise to assume responsibility for a debt
This definition connects "Guaranty Agreement" to assuming responsibility for a debt.
"Guaranty Agreement" means a contract where the guarantor agrees to take on responsibility for a debt owed by another party, should that party fail to fulfill their financial obligations.
Definition of "Guaranty Agreement" as a guarantee to perform obligations
This definition links "Guaranty Agreement" to guaranteeing performance.
"Guaranty Agreement" refers to a contract where a guarantor promises to fulfill the obligations or performance requirements of another party if they default.
Definition of "Guaranty Agreement" as an agreement providing financial protection
This definition ties "Guaranty Agreement" to financial protection.
"Guaranty Agreement" means an agreement where a third party guarantees the repayment of a loan or fulfillment of obligations if the primary party fails to meet the agreed terms.
Definition of "Guaranty Agreement" as a contract of suretyship
This definition connects "Guaranty Agreement" to suretyship.
"Guaranty Agreement" refers to a contract of suretyship in which one party agrees to be responsible for the obligations of another in case of default.
Definition of "Guaranty Agreement" as a legal commitment to cover debts
This definition links "Guaranty Agreement" to a legal commitment.
"Guaranty Agreement" means a legal contract where a guarantor promises to take responsibility for the debt or obligations of another if they default on the agreement.
Definition of "Guaranty Agreement" as a safeguard for financial transactions
This definition ties "Guaranty Agreement" to safeguarding transactions.
"Guaranty Agreement" refers to an arrangement that provides security for financial transactions by ensuring that the guarantor will meet the debt obligations if the primary party fails.
Definition of "Guaranty Agreement" as an obligation of a third party
This definition connects "Guaranty Agreement" to a third-party obligation.
"Guaranty Agreement" means an agreement in which a third party agrees to fulfill the obligations of the primary party if they fail to do so, ensuring compliance with financial commitments.
Definition of "Guaranty Agreement" as a formal assurance for contract performance
This definition ties "Guaranty Agreement" to contract performance.
"Guaranty Agreement" refers to a formal assurance where a guarantor commits to perform or fulfill the contractual obligations of another party in the event of non-performance.
Definition of "Guaranty Agreement" as a security for the fulfillment of a contract
This definition links "Guaranty Agreement" to contract security.
"Guaranty Agreement" means an agreement where a guarantor provides a security mechanism to ensure the fulfillment of the principal party’s obligations under the contract.
Definition of "Guaranty Agreement" as a guarantee of loan repayment
This definition connects "Guaranty Agreement" to loan repayment.
"Guaranty Agreement" refers to a contract in which a guarantor promises to repay a loan or debt owed by the principal party if they fail to do so.
Definition of "Guaranty Agreement" as a backup obligation for financial commitments
This definition links "Guaranty Agreement" to a backup obligation.
"Guaranty Agreement" means an agreement where a third party backs up the financial commitments of another party, agreeing to assume responsibility for payment in the event of default.
Definition of "Guaranty Agreement" as a promise to fulfill obligations upon default
This definition ties "Guaranty Agreement" to fulfilling obligations upon default.
"Guaranty Agreement" refers to a promise by a third party to fulfill the obligations or debts of a primary party in case of default or non-performance.
Definition of "Guaranty Agreement" as a contract ensuring debt obligations
This definition connects "Guaranty Agreement" to debt obligations.
"Guaranty Agreement" means a contract in which a third party guarantees the debt obligations of another party, ensuring payment if the principal debtor defaults.
Definition of "Guaranty Agreement" as an agreement to repay a defaulting party’s obligations
This definition links "Guaranty Agreement" to repaying obligations.
"Guaranty Agreement" refers to an agreement where a guarantor agrees to repay the obligations of a defaulting party, ensuring that financial commitments are met.
Definition of "Guaranty Agreement" as a contingency plan for debt repayment
This definition ties "Guaranty Agreement" to contingency planning.
"Guaranty Agreement" means a contingency plan where a guarantor agrees to repay or fulfill the debt obligations of another party if they are unable to do so themselves.
Definition of "Guaranty Agreement" as a guarantee in case of a debtor’s failure
This definition connects "Guaranty Agreement" to a guarantee for failure.
"Guaranty Agreement" refers to a contract in which a guarantor agrees to step in and repay debts owed by another party in the case of the debtor’s failure to meet their obligations.
Definition of "Guaranty Agreement" as a promise to assume liability for a debt
This definition links "Guaranty Agreement" to assuming liability.
"Guaranty Agreement" means a promise made by a guarantor to assume liability for a debt or obligation in the event that the primary party defaults.
Definition of "Guaranty Agreement" as a contractual obligation of a third-party
This definition ties "Guaranty Agreement" to a third-party obligation.
"Guaranty Agreement" refers to a contract where a third party assumes the contractual obligations of another party in case they are unable to meet the terms.
Definition of "Guaranty Agreement" as a safeguard for the performance of obligations
This definition connects "Guaranty Agreement" to safeguarding performance.
"Guaranty Agreement" means a safeguard where a third party agrees to ensure the performance or repayment of obligations in the event of default by the primary party.
Definition of "Guaranty Agreement" as an agreement securing a loan or credit
This definition links "Guaranty Agreement" to securing loans or credit.
"Guaranty Agreement" refers to an agreement in which a guarantor secures a loan or credit, ensuring repayment if the primary borrower defaults on the loan terms.
Definition of "Guaranty Agreement" as an agreement to protect the interests of the creditor
This definition ties "Guaranty Agreement" to protecting the creditor's interests.
"Guaranty Agreement" refers to an agreement where a third party agrees to assume the obligations of the debtor, protecting the interests of the creditor in case of default.
Definition of "Guaranty Agreement" as a contract that holds a third party liable for debts
This definition connects "Guaranty Agreement" to holding a third party liable.
"Guaranty Agreement" means a contract where a third party agrees to take on liability for the debts of the primary party in case of non-payment.
Definition of "Guaranty Agreement" as a legally binding obligation to cover debts
This definition links "Guaranty Agreement" to legally binding obligations.
"Guaranty Agreement" refers to a legally binding agreement where a third party takes on the obligation to cover the debts or obligations of another party if they default.
Definition of "Guaranty Agreement" as an agreement ensuring debt satisfaction
This definition ties "Guaranty Agreement" to debt satisfaction.
"Guaranty Agreement" means a contract where a third party guarantees the satisfaction of a debt or obligation in the event that the primary party defaults.
Definition of "Guaranty Agreement" as a contractual agreement guaranteeing performance
This definition connects "Guaranty Agreement" to guaranteeing performance.
"Guaranty Agreement" refers to a contractual agreement where a third party guarantees the performance of obligations, stepping in if the principal party defaults.
Definition of "Guaranty Agreement" as a safeguard for loan repayment
This definition links "Guaranty Agreement" to safeguarding loan repayment.
"Guaranty Agreement" means an agreement where a guarantor provides a safeguard, ensuring loan repayment if the borrower fails to repay according to the terms.
Definition of "Guaranty Agreement" as a protective financial agreement
This definition ties "Guaranty Agreement" to financial protection.
"Guaranty Agreement" refers to a financial agreement where a third party agrees to protect the interests of the lender by ensuring repayment in case the borrower defaults.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.