Definitions for "personal guarantee"
Promise made by an entrepreneur which obligates him/her to personally repay debts his/her corporation defaults on.
A guarantee to the lender that you will take personal responsibility for repaying the loan or any other debt obligation.
A contractual agreement in which a principal of a ... more
a document that a lender or lessor or factoring company will usually require a client company ownership (privately held, not public) to sign as a part of loan or lease or factoring documentation
A written agreement by a third party to be responsible for the lease payments in the event that the original lessee defaults.