Guaranty


Definition of "Guaranty"

A promise to uphold a guarantor's contractual or financial responsibility in the even of default.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Professional Reinsurer

Company formed to sell and service proportional reinsurance and nonproportional reinsurance with pro ...

Bid Price

(1) Price a buyer is willing to pay, or bid, for a certain piece of property. It is the highest pric ...

Interest Assumption

Minimum rate of return, in life insurance, guaranteed to a policyowner in calculating benefits for a ...

Builders Risks Forms

Types of contracts that insure building contractors for damage to property under construction. The c ...

Abusive Tax Shelter

Illegal tax deduction (as determined by the Internal Revenue Service) taken under the auspices of a ...

Stamp And Coin Collections Insurance

Coverage on an all risks basis at any location for stamp and coin collections, excluding wear and te ...

Related Real Estate FAQ

What Is Commission?

The fee an agent earns for the sale of a home-usually a percentage of the selling price. ...

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

What Is Comprehensive Homeowners Insurance?

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damag ...

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usu ...

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

How Can I Figure Out My Debt-to-income Ratio?

To figure out where you stand on the debt-to-income ratio, you must first understand the meaning of ...

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

Rent or Buy - the pros and cons What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? How To Get A Loan with Bad Credit What is Earnest Money What Must I Disclose When Selling My Home?

FAQ

What is a commitment letter? What is flood insurance? What is a Ginnie Mae? What is a mortgage broker? What is a loan-to-value (LTD) ratio?