Guaranteed Loan

A loan guaranteed by a third party in the event that the borrower defaults. The loan is quite often guaranteed by a government agency which will purchase the debt from the lending financial institution and take on responsibility for the loan.

This type of agreement is often made if the borrower is an unattractive candidate for a loan. It is a way for people in dire need of financial assistance to acquire funds, without putting excessive risk on the lending financial institution.


Investment dictionary. . 2012.

Look at other dictionaries:

  • state guaranteed loan — valstybės garantuojama paskola statusas Aprobuotas sritis valstybės finansų ir skolos statistika apibrėžtis Kreditorių suteiktos lėšos skolininkui pagal paskolos sutartį arba kitus įsipareigojamuosius dokumentus, kai šių lėšų grąžinimą ir… …   Lithuanian dictionary (lietuvių žodynas)

  • State guaranteed loan — valstybės garantuojama paskola statusas Aprobuotas sritis Finansai apibrėžtis Lietuvos Respublikos juridinio asmens, Lietuvos Respublikoje įsteigto Europos ekonominės erdvės valstybės narės įmonės filialo ar Lietuvos Respublikos mokslo ir studijų …   Lithuanian dictionary (lietuvių žodynas)

  • guaranteed — guar|an|teed [ ,gerən tid ] adjective * 1. ) if something is guaranteed, you will definitely get it or have it: Our salespeople are on a guaranteed income of $850 a month. a land where sunshine is absolutely guaranteed 2. ) BUSINESS a guaranteed… …   Usage of the words and phrases in modern English

  • guaranteed */ — UK [ˌɡeærənˈtiːd] / US [ˌɡerənˈtɪd] adjective 1) if something is guaranteed, you will definitely get it or have it Our salespeople are on a guaranteed income of £1000 a month. a land where sunshine is absolutely guaranteed 2) business a… …   English dictionary

  • Guaranteed consumer funding — is an type of credit similar to layaway, which allows consumers to purchase items on a payment plan regardless of their credit history. This process requires signing a contract in which the consumer promises to make all of the payments in full by …   Wikipedia

  • Guaranteed minimum income — (GMI) is a system[1] of social welfare provision that guarantees that all citizens or families have an income sufficient to live on, provided they meet certain conditions. Eligibility is typically determined by citizenship, a means test and… …   Wikipedia

  • loan guarantee — ➔ guarantee2 * * * loan guarantee UK US (US also loan guaranty) noun [C] ► BANKING, FINANCE an agreement where a government or financial organization promises to pay back a loan if the borrower cannot: » A loan guarantee from the government… …   Financial and business terms

  • Guaranteed asset protection insurance — (or GAP Insurance) is an insurance coverage offered as a supplement to automobile insurance policies. It provides financial protection from certain types of loss that are not covered by standard automobile insurance.GAP is designed to cover the… …   Wikipedia

  • loan — {{Roman}}I.{{/Roman}} noun ADJECTIVE ▪ large, massive ▪ small ▪ long term, short term ▪ high interest, interest free …   Collocations dictionary

  • guaranteed — adj. Guaranteed is used with these nouns: ↑contract, ↑delivery, ↑income, ↑loan, ↑minimum, ↑pension, ↑return, ↑sum …   Collocations dictionary

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