What Does Financial Guaranty Mean?

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What does Financial Guaranty mean? Read on to discover the definition & meaning of the term Financial Guaranty - to help you better understand the language used in insurance policies.

Financial Guaranty

Financial Guaranty

a surety bond, insurance policy, or an indemnity contract (when issued by an insurer), or similar guaranty types under which loss is payable upon proof of occurrence of financial loss to an insured claimant, obligee or indemnitee as a result of failure to perform a financial obligation or any other permissible product that is defined as or determined to be financial guaranty insurance.

We hope the you have a better understanding of the meaning of Financial Guaranty.

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