Personal guarantee

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

Related Terms: 5 Debt, Default, EU, Entrepreneur, Ratio

Other Related Pages: Category: Lending_and_Credit Starting With: P

Additional Related Terms: Accredited Personal Financial Planning Specialist, Asset/equity ratio, American Municipal Bond Assurance Corporation, At par, All or any part, At best, At call, Alien corporation, All-risks coverage, At risk