Joint Guarantee

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.

IRI: http://lmss.sali.org/RBWEcEhY9UhMFCPiyb7IsCi
Branch: Objectives

Also known as

Co-Guarantee, Joint Obligation Guarantee, Shared Guarantee

Ancestry path

Objectives Transactional Objectives Credit Arrangement

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