limited guaranty

A contract of guaranty which is restricted in its operation with respect to obligee, transactions covered, locality, items for which credit may be extended, amount of credit, etc. 24 Am J1st Guar § 72.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • limited guaranty — A limited guaranty is ordinarily one restricted in its application to a single transaction. Cooling v. Springer, 3 Terry 228, 30 A.2d 466, 469 …   Black's law dictionary

  • limited guaranty — A guaranty agreement that includes a statement that limits the guarantor s liability to the bank to a defined amount. American Banker Glossary …   Financial and business terms

  • 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

  • limited — I adjective angustus, bounded, brevis, checked, circumscribed, circumscriptive, confined, confining, constricted, controlled, cramped, curbed, definite, enclosed, fixed, hampered, impeded, insular, narrow, parvus, prescribed, restrained,… …   Law dictionary

  • guaranty — An undertaking or promise, on the part of one person called the guarantor, which is collateral to a primary or principal obligation on the part of another, and which binds the guarantor to performance in the event of nonperformance by such other… …   Ballentine's law dictionary

  • Guaranty Trust Bank — Infobox Company name = Guaranty Trust Bank plc type = Public limited company ISIN = US40124Q2084 foundation = January 17 1990 location city = Plot 1669, Oyin Jolayemi Street,Victoria Island, Lagos, Nigeria key people = Tayo Aderinokun (CEO) num… …   Wikipedia

  • 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

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

  • guarantee, guaranty — A guarantee is a promise or assurance that something is of specified content or quality or that it will perform satisfactorily: This percolator carries an unconditional five year guarantee. Guarantee and guaranty are synonymous when used to mean… …   Dictionary of problem words and expressions

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