Guarantee


Definition of "Guarantee"

Sharon Chase
  Keller Williams Realty

A financially binding guaranty assuring an obligation or contractual agreement will be fulfilled by the guarantor.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Lock-in Rate

Commitment that a lending institution makes to offer a loan at a stipulated interest rate at a prede ...

Absolute Assignment

Same as term Assignment Clause: feature in a life insurance policy allowing a policyowner to freely ...

Additional First-year Depreciation

Property value of up to $10,000 that of a taxpayer may elect to treat as an expense rather than as a ...

Contribution Clause

Clause, generally found in business interruption insurance, that establishes the same indemnificatio ...

Claim Agent

Person who has been authorized by the insurance company to pay a loss (s) incurred by the insured. ...

Guarantee Cost Nonparticipating Life Insurance

Policy whose premiums, cash value, and face amount are guaranteed (all values are fixed and do not f ...

Related Real Estate FAQ

What Is An Easement?

An easement is the right given by the landowner to use the property. ...

What Is A Loan Origination Fee?

A loan origination fee is a fee charged by the lender-usually 1 percent of the loan amount. ...

What Is A Point?

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the i ...

What Is An Interest Rate?

An interest rate is the percentage the lender charges you for borrowing money. ...

What Is A Debt-to-income Ratio?

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obli ...

What Is A Subprime Mortgage?

A subprime mortgage is a mortgage granted to a borrower who is considered subprime-that is, a person ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

6 Reasons you are not selling properties 5 U.S. Cities with the Best Public Transportation Why Use a Real Estate Agent? 3 tips to ensure your sale goes through How Does The Home Loan Underwriting Process Work?

FAQ

What is commission? What if they no longer make my specific computer? What is equity? What do I need to know about Pet Insurance? What is a Good Faith Estimate?