Guaranty

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Guaranty

1. See: Guarantee.

2. See: Collateral.
References in periodicals archive ?
Under all Good Guy Guaranties, after the release of the guarantor, the landlord still retains the right to sue the tenant for damages for the remainder of the lease term and any other performance obligations; however, the guarantor has now fulfilled all of its obligations.
The Seggermans argued they should recognize no gain since they had received no debt relief based on their personal guaranties.
In the event that a guaranty does not qualify as a general guaranty, restrictions imposed upon holders of special guaranties will apply.
Bailenson, the Chief Financial Officer of Assured Guaranty, noted "While it is unfortunate to have to amend previously announced financial results, the adjustments will not affect Assured Guaranty's ability to perform under its financial guaranties, has no impact on cumulative operating income over the affected periods or on operating shareholders' equity or adjusted book value as of June 30, 2011, and will only reduce consolidated shareholders' equity by $36.
In particular, as a result of the Madison Avenue Lease-hold decision, beneficiaries of guaranties can no longer be assured that a non-waiver of rights and remedies clause in their guaranties will ultimately protect them.