1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

Showing 1 term

Personal guarantee

Market basics

An undertaking by an individual to repay a company’s or another person’s borrowing if the borrower does not.

In plain terms

Limited liability protects the company, not the person who signed for it. Approval of a resolution plan for the company does not by itself discharge the guarantor, so the corporate debt can settle at a fraction while the guarantee stands in full.

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Indian stock market glossary · Market Vidyalaya