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The lender required a suretyship before approving the loan to ensure repayment if the borrower defaulted.
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The lender required a suretyship before approving the loan to ensure repayment if the borrower defaulted.
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Related words
suretyship
IPA(Pronunciation)
Noun
Japanese Meaning
保証契約、すなわち、他者の債務や不履行、過失に対して、一定の条件下で第三者が連帯して責任を負う契約を意味する。 / 他者の債務や不履行に関連して、その履行を保証するための付随的な合意または契約のこと。
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