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Guaranteed Loan |
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Guaranteed Loan A loan on which payment is guaranteed by a third party such as a government, an insurance company or a co-signer. A guaranteed loan is doubly protected because repayment can come either from the issuer or from the third party in case the issuer defaults. As such, a guaranteed loan is low risk and therefore usually carries a lower interest rate than another loan without a guarantee. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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