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.
See Also
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.
Law designed to ensure that investors are provided with material information about new issues of securities offered for sale to the public.