(a) Bank Prime Loan Rate, Percent, Not Seasonally Adjusted (MPRIME) Write a custom formula to transform one or more series or combine two or more series. You can begin by adding a series to combine with your existing series. Now create a custom formula to combine or transform the series.
Guarantee is a legal term more comprehensive and of higher import than either warranty or security. It most commonly designates a private transaction by means of which one person, to obtain some trust, confidence or credit for another, engages to be answerable for him.
Popular Terms. Agreement that make one liable for one's own or a third party's debts or obligations. A personal guarantee signifies that the lender (obligee) can lay claim to the guarantor's assets in case of the borrower (obligor) default. It is equivalent of a signed blank check without a date. The obligee is generally not required to seek repayment first from the obligor's assets before going after guarantor's assets.