A loan that is “backed” or guaranteed by the Federal Government, such as Veteran's Administration or Rural Development. The guarantee protects the lender against loss by the borrower defaulting on a mortgage.
A pledge to cover the payment of debt or to perform some obligation if the person liable fails to perform according to the loan contract. A third party guarantor or co-signer.
a loan made by a commercial lender which is underwritten (see underwriting criteria) at a certain percentage against a loss
a loan, revolving credit fund, or other financial arrangement made pursuant to Regulation V of the Federal Reserve Board
a loan that has some type of guarantee The sooner you detect the error, faster you will be able to correct it
a loan that is insured against default
A pledge to cover the payment of debt or to perform some obligation if the person liable fails to perform. When a third party guarantees a loan, it promises to pay in the event of a default by the borrower.
A loan that is guaranteed by a non owner third party.
An arrangement by which the government guarantees repayment of a loan made by a private lender. The Farmers Home Administration may guarantee some loans made to farmers by private banks. The government may guarantee loans made to exporters by private banks to promote more agricultural exports.
Loan in which a private lender is assured repayment by the Federal Government of part or all of the principal, interest or both, in the event of default by the borrower. Unlike an insured loan, no insurance fund exists and no insurance premiums are paid.
A loan made and serviced by a lending institution under agreement that a governmental agency will purchase the guaranteed portion if the borrower defaults.