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The official definition for the phrase continuing guarantee is " A continuing guarantee is a guarantee where the guarantor assumes liability for any past, present and future obligations owed by a debtor to a lender or creditor."

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Q: What is continuing guarantee?
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What is difference between specific guarantee and continuing guarantee?

Definition of "Continuing Guarantee"A continuing guarantee is a guarantee where the guarantor assumes liability for any past, present and future obligations owed by a debtor to a lender or creditor. Even where the amount owing has been completely paid, the guarantor can still be liable under that line of credit if there is a subsequent indebtedness. Also known as a continuing guaranty. A common example is a guarantee for a revolving line of credit. specific guaranteeWritten undertaking to fulfill a specific obligation. Also called specific guarantee.


What is a Counter Guarantee?

A counter guarantee is a guarantee given by the surety to the principle debtor providing him with continuing indemnity against the loss or damage that the surety may suffer on account of default on the part of the principle debtor


Can you use the word guarantee in a sentence?

I can guarantee you that. Indeed you can use guarantee in a sentence.


Are continuing education courses equal in terms in quality with those of lesser educational rank?

It always depends on the school, and even the individual teachers. Rank is not a guarantee of quality, it's more about how a class fits with one's lifestyle and needs.


What is the adverb of guarantee?

guarantee


What is corporate guarantee?

A guarantee provided by a corporation, a legal person, is known is corporate guarantee.


What is financing guarantee?

financing to guarantee the loan


What is the past tense of guarantee?

The past tense of guarantee is guaranteed.


Why is there a continuing of veterinarians?

because there is a continuing of animals in need of medical aid


What is the abbreviation for continuing?

The abbreviation for continuing is "cont."


What is a bill of guarantee?

A bill of guarantee is a joint guaranty that takes on the liability. It is also known as a bill guarantee.


How do you use guaranty in a sentence?

Do you mean "Guarantee" ...?? Guarantee: I guarantee you this Microwave will last approximately 10 years.