Guaranteed credit

Guaranteed credit

Credit which is not secured by real or personal property but by one or several guarantees. In Switzerland, special guarantee cooperatives have been founded for this purpose, e.g. mortgage guarantee cooperatives. The banks usually require joint and several guarantees before granting guaranteed credit.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Banking
Category: Investment banking
Company: UBS
Product:
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Related terms

guarantee credit

Banking; Investment banking

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guaranteed credit

Banking; Investment banking

Credit which is not secured by real or personal property but by one or several guarantees. In Switzerland, special guarantee cooperatives have been founded for this purpose, e.g. ...

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Financial services; Real estate investment

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Banking; Investment banking

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Banking; Investment banking

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Banking; Investment banking

Credit system mainly used in property financing and defined as the burden on the borrower's income (expressed as a percentage) that the cost of a property will incur.

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Banking; Investment banking

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