The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

LEASED BACK GUARANTEE Definition & Legal Meaning

Definition & Citations:

A bank’s guarantee given to a third party for a fee. The bank does its due diligence to confirm the creditworthiness of the customer receiving the bank guarantee. The issuing bank becomes the borrower’s backer for borrower debts up to the guarantee amount when the borrower is approved.

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