Guaranty letter of credit – in the area of the Commercial Law, this term refers to a guaranty letter which has been issued as a security for performance of an obligation, saying there will be a payment in cases of…

Guaranty insurance policy – within the area of the Insurance Law in most jurisdictions, this term details a kind of policy that has the legal role to compensate the damages and losses caused to an individual by another person’s default…

Guaranty bond – within the area of the Contracts & Obligations Law, this term is used to detail a type of bond which ensures both performance of the obligations on one hand and payment towards the creditor, on another.

Guaranty – in the meaning, given by the Commercial Law, this term details an agreement which has not been addressed to a certain purchaser, where the vendor undertakes the obligation to repair or swap these goods, if shortcomings or defects…

Guarantor of payment – the term refers to the legal figure of the “Guarantor” – the person who promises to make payment for another if payment is not made by the person responsible for making the repayments of a loan…

Guarantor of collectability – the term describes the legal figure of an individual who guarantees the solvency of a debtor, in a situation where the creditor is unable to collect the due sums from the initial debtor. For example, the…

Guarantee term – within the area of the Commercial Law, this term refers to a deadline, stipulated in purchase contracts, during which term the vendor is liable for repair or replacement of the good or item, in a situation where…

Guaranteed renewable – this is a term of the Insurance law in most countries, detailing the right of the beneficiary to receive by the insurance company medicare until a certain age is reached.

Guaranteed-purchase contract – in some jurisdictions this is a type of purchase contract between a property agent and the property owner, where the agency agrees to buy the property at a fixed price, after a deadline passes and the property…

Guaranteed issue – this is the social health insurance plan in most countries, where many certificates and medical procedures have been covered within the medicare monthly or annual insurance paid by each citizen.