Phrases with «loan guarantee»

A loan guarantee is a promise made by a third party to repay a loan if the borrower is unable to make the payments. It provides assurance to the lender that they will still receive their money back even if the borrower defaults on the loan. Full definition

Related phrases

Sentences with «loan guarantee»

  • The current environment has made initiatives, such as the federal loan guarantee program, even more critical to the successful development of nuclear facilities. (scientificamerican.com)
  • He said he did so in exchange for lucrative county contracts and millions in indirect loan guarantees by the town. (newsday.com)
  • The nuclear energy industry has already called out for $ 25 million in loan guarantees for 2007 and another $ 25 billion for 2009. (treehugger.com)
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