Term:
Guarantee
Definition:
1. Type of IBRD "B" loan with IBRD guaranteeing part of the loan and offering the commercial colender a put on the latter maturities of the loan, which would represent an IBRD commitment to purchase the designated maturities at the request of the colender. 2. Loan made to a domestic corporation guaranteed by the state.
Domain:
Finance
Source:
World Bank: Glossary of Finance and Debt