Guaranty
81collateral guaranty — An anomalous expression, since a guaranty is inherently collateral, being collateral to the principal obligation, but used by way of emphasizing the existence of a guaranty in the strict sense of the term, in which the obligation of the guarantor …
82general guaranty — A guaranty which is addressed to persons generally and may be acted upon and enforced by anyone to whom it is presented, the requisite meeting of minds occurring when advantage is taken of the general guaranty by the creation of a debt thereunder …
83special guaranty — A guaranty which names certain definite persons as obligees. 24 Am J1st Guar § 15. A guaranty limited to the person to whom it is addressed, usually contemplating a trust or reposing a confidence in that person. Tidioute Sav. Bank v Libbey, 101… …
84Michigan Guaranty Agency — The Michigan Guaranty Agency (MGA) is a component of the Michigan Higher Education Assistance Authority (MHEAA) and was established by Michigan Public Act 77 of 1960. MGA operates guarantees for three loan programs which are intended to guarantee …
85National Organization Of Life And Health Insurance Guaranty Associations - NOLHGA — NOLHGA is a voluntary organization of U.S. life and health insurance guaranty associations. Founded in 1983, it covers policyholders when a multistate life or health insurance company fails. NOLHGA pays policyholders claims when an insolvent… …
86formal guaranty — index vow Burton s Legal Thesaurus. William C. Burton. 2006 …
87purchase without a guaranty — index caveat emptor Burton s Legal Thesaurus. William C. Burton. 2006 …
88collection guaranty — A guaranty in which the signer guarantees to pay the bank only if the bank cannot obtain repayment through other means. American Banker Glossary …
89cross stream guaranty — A phrase sometimes used to describe a guaranty of a loan to a borrowing entity when the borrowing entity is affiliated with the guarantor corporation through common ownership but is neither a parent nor a subsidiary corporation. For the purposes… …
90downstream guaranty — A guaranty of a loan to a borrowing entity when the guarantor is a parent company or stockholder of the borrowing entity. American Banker Glossary …
