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| Definition: |
A legally binding agreement under which the guarantor agrees to pay any or all of the amount due on a loan instrument in the event of nonpayment by the borrower. .
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| Source
Publication: |
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IMF, 2003, External Debt Statistics: Guide for Compilers and Users – Appendix III, Glossary, IMF, Washington DC.
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| Statistical
Theme: Financial statistics |
| Created
on Thursday, August 28, 2003 |
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