☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Guarantee (Detail)

A promise to pay another's debt if they default — the guarantor is secondarily liable. Distinguished from surety (primary liability) and indemnity (reimbursement for loss).

Category: Contract Law · Source: Black's Law Dictionary
0 terms published 0 awaiting endorsement
Propose a New Term

Submit a term for the community. Two endorsements from other members will publish it.

Per page: