guaranty fund

See depositors' guaranty fund; reserve.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • State Guaranty Fund — A fund administered by a U.S. state to protect policy holders in the event that an insurance company defaults on benefit payments or becomes insolvent. The fund only protects beneficiaries of insurance companies that are licensed to sell… …   Investment dictionary

  • depositors' guaranty fund — A fund to which the banks of a state contribute according to the amount of their deposits, established for the protection of depositors, that is, to make the currency of checks secure and also to protect the depositors in respect of their… …   Ballentine's law dictionary

  • guaranty — guar·an·ty / gar ən tē, gär / n pl ties [Old French garantie, from garantir to guarantee, from garant warrant] 1: a pledge to pay another s debt or to perform another s duty in case of the other s default or inadequate performance compare letter… …   Law dictionary

  • fund — 1 n 1: a sum of money or other resources whose principal or interest is set aside for a specific objective cli·ent security fund: a fund established by each state to compensate clients for losses suffered due to their attorneys misappropriation… …   Law dictionary

  • guaranty — 1. v. To undertake collaterally to answer for the payment of another s debt or the performance of another s duty, liability, or obligation; to assume the responsibility of a guarantor; to warrant. See guaranty noun, 2. n A collateral agreement… …   Black's law dictionary

  • guaranty — 1. v. To undertake collaterally to answer for the payment of another s debt or the performance of another s duty, liability, or obligation; to assume the responsibility of a guarantor; to warrant. See guaranty noun, 2. n A collateral agreement… …   Black's law dictionary

  • fund — Noun: A sum of money, either in hand or on deposit in a bank or other institution. A deposit or accumulation of resources, such as the assets of a decedent s estate, from which supplies are drawn, out of which expenses are provided, or which may… …   Ballentine's law dictionary

  • Clean Water State Revolving Fund — The Clean Water State Revolving Fund (CWSRF) is a self perpetuating loan assistance authority for water quality improvement projects in the United States. The fund is administered by the Environmental Protection Agency and state agencies. The… …   Wikipedia

  • Pension Benefit Guaranty Corporation — (United States) Agency overview Formed September 2, 1974 …   Wikipedia

  • Money fund — Money funds (or money market funds , money market mutual funds ) are mutual funds that invest in short term debt instruments. Explanation Money market funds, also known as principal stability funds, seek to limit exposure to losses due to credit …   Wikipedia

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