Financial guarantee insurance

Insurance created to cover losses from specified financial transactions.

Financial Guarantee Insurance

An insurance policy covering a lender from liability resulting from the failure of the borrower to repay the loan. It may also cover losses from a decrease in interest rates to the detriment of the lender. Financial guarantee insurance may cover different types of loans, but, in most U.S. states, usually does not include mortgages or certain credit lines. It is similar to a surety or a co-signed loan.

单词	financial guarantee insurance
释义	Financial guarantee insurance Financial guarantee insurance Insurance created to cover losses from specified financial transactions. Financial Guarantee Insurance An insurance policy covering a lender from liability resulting from the failure of the borrower to repay the loan. It may also cover losses from a decrease in interest rates to the detriment of the lender. Financial guarantee insurance may cover different types of loans, but, in most U.S. states, usually does not include mortgages or certain credit lines. It is similar to a surety or a co-signed loan.
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