‘guarantee’ means a written commitment to assume responsibility for all or part of a third party’s debt or obligation or for the successful performance by that third party of its obligations if an event occurs which triggers such guarantee, such as a loan default;
ciallaíonn “ráthaíocht” gealltanas i scríbhinn ó thríú páirtí an fhreagracht a ghlacadh as iomlán nó cuid d’fhiach tríú páirtí nó d’oibleagáid nó d’fheidhmíocht rathúil tríú páirtí sa chás ina spreagtar an ráthaíocht sin, amhail mainneachtain iasachta;