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Term of the Day
guaranty
Maggie Mae (MGIC)
risk retention group (RRG)
Definition
An agreement in which the
guarantor
promises to satisfy the
debt
or
obligations
of another, if and when the
debtor
fails to do so.
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Related Terms
Maggie Mae (MGIC)
risk retention group (RRG)
National Organization of Life and Health Insurance Guaranty Associations (NOLHGA)
corporate guaranty
Maggie Mae (MGIC)
Mentioned in these terms
corporate guaranty
state guaranty fund
Pension Benefit Guaranty Corporation
National Organization of Life and Health Insurance Guaranty Associations (NOLHGA)
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