{"iri":"http://lmss.sali.org/RBWEcEhY9UhMFCPiyb7IsCi","id":"RBWEcEhY9UhMFCPiyb7IsCi","label":"Joint Guarantee","definition":"A Joint Guarantee is a financial arrangement where an entity other than the issuer, typically a corporation, provides an assurance to fulfill the obligations of a debt instrument if the primary obligor defaults. This type of guarantee creates a shared responsibility for the debt, with both the issuer and the guarantor being jointly liable for the repayment, thus enhancing the creditworthiness of the instrument.","prefLabels":[],"altLabels":["Co-Guarantee","Joint Obligation Guarantee","Shared Guarantee"],"examples":[],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/RlNFgB3TQfMzV26V4V7u4E","label":"Objectives"},"parents":[{"iri":"http://lmss.sali.org/RfuC0yNDKhOWj8FHvjuYyg","id":"RfuC0yNDKhOWj8FHvjuYyg","label":"Credit Arrangement"}],"children":[],"relations":[],"url":"https://lmss.io/tag/RBWEcEhY9UhMFCPiyb7IsCi/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}