special guaranty

Definition of "special guaranty"
  1. A promise of assurance that is created for a particular individual and can only be invoked or enforced by the same individual
How to use "special guaranty" in a sentence
  1. The bank required a special guaranty from the debtor's mother before it would approve the loan.
  2. The financier gave a special guaranty to the investor which was exclusive to that particular individual.
  3. In order to secure the contract, a special guaranty was offered to the primary stakeholder.

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