Legal Dictionary

contract of guarantee

Legal Definition of contract of guarantee

Noun

  1. An agreement whereby the guarantor guarantees to settle the outstanding debts of the borrower in case the borrower fails to pay back the loan.



SHARE THIS PAGE

TOP LEGAL TERMS THIS WEEK
1.     landed property
2.     lex situs
3.     buggery
4.     lex causae
5.     AORO
6.     lex fori
7.     Doctor of Laws
8.     lex patriae
9.     lex loci celebrationis
10.     status quo