What is a 'guarantee'?
A) An arrangement in which a secured creditor has the right to sell the charged property on default by the debtor.
B) A type of mortgage.
C) An arrangement in which a person promises to repay a loan in the event that the debtor fails to do so.
D) Security for a loan to a company over a particular asset or class of assets.
Correct Answer:
Verified
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C)any
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