Definitions for "GUARANTEED LOAN"
A loan guaranteed by a government agency or any other interested party.
Guaranteed Student Loan
When a lender offers a loan with the understanding that the loan is guaranteed to be repaid by another party if the borrower defaults.
Also known as a CMHC mortgage. hazard insurance Insurance coverage that compensates for physical damage to a property from fire, wind, vandalism, or other hazards.
Another term for 'government mortgage.
Also known as a government mortgage.