Guaranty
A third party’s promise to pay the debt service on the bonds or perform some other obligation, which is the primary obligation of another party.
The third party that executes a Guaranty.
Learn more about the various parties involved in a municipal securities transaction and their roles.
A third party’s promise to pay the debt service on the bonds or perform some other obligation, which is the primary obligation of another party.
An attorney or firm of attorneys engaged to represent the lender in a private placement.