Juridical Dictionary

This dictionary contains:
8526
juridical terms

Guarantees




Guarantees

A guarantor undertakes that he will repay a debt incurred by another person or company to a bank or other creditor and the bank or other creditor can require him to pay the outstanding amount if that person cannot or will not pay their indebtedness. Proprietors and directors of companies are often asked to give personal guarantees for their company's borrowings to provide additional security.

RELATED TERMS
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Guarantor
Contracts. He who makes a guaranty.

Will
A will is a legal document in which a person directs how his property is to be distributed after his death. Such documents must be executed in due form and must be duly witnessed.

Debt
Whatever one owes. A sum of money due by certain and express agreement.

Person
This word is applied to men, women and children, who are called natural persons.

Company
An association of a number of individuals for the purpose of carrying on some legitimate business.

Bank
Com. law. 1) A place for the deposit of money. 2) An institution, generally incorporated, authorized to receive deposits of money, to lend money, and to issue promissory notes, usually known by the name of bank notes.

Creditor
Creditor or obligee. Contracts. The person in favor of whom some obliga- tion is contracted, whether such obligation be to pay money, or to do, or not to do something.

Indebtedness
The state, of being in debt, without regard to the ability or inability of the party to pay the same.

Directors
Persons who are appointed to the board of directors under procedures contained in the Articles of Association are the directors of the company. Shadow directors may also be treated as directors in some circumstances. Executives whose job title describe them as a director but are not members of the board are not treated as directors, although they may have ostensible authority to bind the company as if they were.

Personal
Belonging to the person.

Guarantees
A guarantor undertakes that he will repay a debt incurred by another person or company to a bank or other creditor and the bank or other creditor can require him to pay the outstanding amount if that person cannot or will not pay their indebtedness. Proprietors and directors of companies are often asked to give personal guarantees for their company's borrowings to provide additional security.

Security
That which renders a matter sure; an instrument which renders certain the performance of a contract. The term is also sometimes applied to designate a person who becomes the surety for another, or who engages himself for the performance of another's contract.



SIMILAR TERMS
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Guarantee
Contracts. He lo whom a guaranty is made.

Guarantor
Contracts. He who makes a guaranty.

Guardian
An individual who, by legal appointment or by the effect of a written law, is given custodyof both the property and the person of one who is unable to manage their own affairs, such as a child or mentally-disabled person.

Guardian ad litem
A guardian appointed to assist an infant or other mentally incapable defendant or plaintiff, or any such incapacitated person that may be a party in a legal action.

Guardians
"Domestic relations. Guardians are divided into, guardians of the person, in the civil law called tutors; and guardians of the estate, in the sam law are known by the name of curators.A guardian of the person is one who has been lawfully invested with the care of the person of an infant, whose father is dead. Guardians have also been divided into guardians by nature; guardian's by nurture; guardians in socage; testamentary guardians; statutory guardians; and guardians ad litem.

Guardians of the poor
The name given to officers whose duties are very similar to those of overseers of the poor, that is, generally to relieve the distresses of such poor persons who are unable to take care of themselves.

Guardianship
Persons. The power or protective authority given by law, and imposed on an individual who is free and in the enjoyment of his rights, over one whose weakness on account of his age, renders him unable to protect himself.



PREVIOUS AND NEXT TERMS
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Grosse bois
Grosse bois or gros bois. Such wood as, by the common law or custom, is reputed timber.

Ground rent
Estates. In Pennsylvania, this term is used to signify a perpetual rent issuing out of some real estate. This rent is redeemable where there is a covenant in the deed that, before the expiration of a period therein named, it may be redeemed by the payment of a certain sum of money; or it is irredeemable, when there is no such agreement; and, in the latter case, it cannot be redeemed without the consent of both parties.

Groundage
Maritim law. The consideration paid for standing a ship in a port

Grounds
A legal basis for a divorce.

Guarantee
Contracts. He lo whom a guaranty is made.

Guarantees

Guarantor
Contracts. He who makes a guaranty.

Guardian
An individual who, by legal appointment or by the effect of a written law, is given custodyof both the property and the person of one who is unable to manage their own affairs, such as a child or mentally-disabled person.

Guardian ad litem
A guardian appointed to assist an infant or other mentally incapable defendant or plaintiff, or any such incapacitated person that may be a party in a legal action.

Guardians
"Domestic relations. Guardians are divided into, guardians of the person, in the civil law called tutors; and guardians of the estate, in the sam law are known by the name of curators.A guardian of the person is one who has been lawfully invested with the care of the person of an infant, whose father is dead. Guardians have also been divided into guardians by nature; guardian's by nurture; guardians in socage; testamentary guardians; statutory guardians; and guardians ad litem.

Guardians of the poor
The name given to officers whose duties are very similar to those of overseers of the poor, that is, generally to relieve the distresses of such poor persons who are unable to take care of themselves.

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This dictionary contains 8526 terms.







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