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2. Personal guarantee - Wikipedia

   en.wikipedia.org/wiki/Personal_guarantee

   A personal guarantee is a promise made by a person or an organization (the guarantor) to accept responsibility for some other party's debt (the debtor) if the debtor fails to pay it. In the case of a personal guarantee made by an individual on behalf of another, the person who makes the personal guarantee is usually referred to as a co-signer ...

3. Letter of comfort (contract law) - Wikipedia

   en.wikipedia.org/wiki/Letter_of_comfort...

   The stronger version, the letter of comfort, indicates the parent organization's intention to support the subsidiary. [5] In the United States, there is a general presumption against the enforceability of letters of comfort. However, depending on the wording of the document, there may be legal liability under the rule of reliance. [6]

4. Surety - Wikipedia

   en.wikipedia.org/wiki/Surety

   Usually, a surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation.

5. Do Personal Guarantees Affect Credit Scores? - AOL

   www.aol.com/finance/personal-guarantees-affect...

   A personal guarantee means you personally promise that a debt will be paid back. If you sign a personal guarantee on a business loan, you are responsible for paying back the money if the business ...

6. Loan guarantee - Wikipedia

   en.wikipedia.org/wiki/Loan_guarantee

   A loan guarantee, in finance, is a promise by one party (the guarantor) to assume the debt obligation of a borrower if that borrower defaults. A guarantee can be limited or unlimited, making the guarantor liable for only a portion or all of the debt.

7. Parent company guarantee - Wikipedia

   en.wikipedia.org/wiki/Parent_company_guarantee

   A parent company guarantee (PCG) is a guarantee by a parent company of a contractor’s performance under its contract with its client, where the contractor is a subsidiary of the parent company. [1] It is mandatory for all the companies to mention about the guarantees granted as a note in their accounts because it is a risk for the company.