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.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.