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Credit guarantee
A guarantee to secure the lender's claim on the borrower in the event of the loan not being repaid as stipulated in the agreement. Credit guarantees are used all around the world.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
- Product:
- Acronym-Abbreviation:
Other Languages:
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