TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

REPAYMENT GUARANTEE [1 record]

Record 1 2004-09-24

English

Subject field(s)
  • Finance
DEF

Form of guarantee whereby the guarantor undertakes, in the event of default by the principal, to pay the beneficiary an amount advanced or paid by the beneficiary to the principal in accordance with the contract between them.

OBS

They are generally issued by banks.

French

Domaine(s)
  • Finances

Spanish

Campo(s) temático(s)
  • Finanzas
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