personal guarantee

Definition

Promise made by an entrepreneur which obligates him/her to personally repay debts his/her corporation defaults on.

Reproduction of all or part of this glossary and/or this page, in any format, without written consent is prohibited. If you have questions about this dictionary please feel free to contact us feedback\@\investorguide.com

Related Terms

guarantee -

Popular 'Lending & Credit' Terms

equity
triple net lease
leverage
interest rate
amortization

security
accounts receivable
quick ratio
financial leverage
accounts payable

personal guarantee in the news

Enter your email address to get our free Term of the Day newsletter!

Tools

personal guarantee is ...

... part of the Lending & Credit subject.

Nearby Terms

personal article floater
personal budget
Personal Consumption Expenditures
personal exemption
Personal Financial Specialist
personal guarantee
personal identification number
personal income
personal inflation rate
Personal Injury Protection
personal interest