Difference between revisions of "Guarantor"
From Open Risk Manual
Wiki admin (talk | contribs) (Initial Entry) |
Wiki admin (talk | contribs) |
||
| Line 2: | Line 2: | ||
'''Guarantor'''. A party that guarantees, endorses, or provides indemnity for some obligation on behalf of some other party | '''Guarantor'''. A party that guarantees, endorses, or provides indemnity for some obligation on behalf of some other party | ||
| − | In some cases, the party acting as guarantor may also be a party to the contract, such as in the case of Fannie Mae or Freddie Mac. In such cases, the same individual would be modeled as having both roles. | + | In some cases, the party acting as guarantor may also be a party to the contract, such as in the case of [[Fannie Mae]] or Freddie Mac. In such cases, the same individual would be modeled as having both roles. |
== See Also == | == See Also == | ||
Latest revision as of 15:55, 2 February 2023
Definition
Guarantor. A party that guarantees, endorses, or provides indemnity for some obligation on behalf of some other party
In some cases, the party acting as guarantor may also be a party to the contract, such as in the case of Fannie Mae or Freddie Mac. In such cases, the same individual would be modeled as having both roles.
See Also
- Barron's Dictionary of Business and Economics Terms, Fifth Edition, 2012
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
