Webster's Online Dictionary
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Specialty Expressions: BILL GUARANTEE

ExpressionsDomainDefinition
Bill guaranteeFinanceCommitment, generally by signature of the document, to meet a bill of exchange in the event of the failure of a specified signatory to do so; guarantee of the payment of a bill of exchange of promissory note with the signature of a third person appearing on the bill; a written guarantee by one not a drawer, acceptor or endorser of a note or bill of exchange that it will be paid at maturity. Source: European Union. (references)

Source: compiled by the editor from various references; see credits.

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