Guarantor
The third party that executes a 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.
The amount of principal and interest required to be paid on an issue of bonds.
The use of the credit of an entity having greater financial strength than the issuer or borrower to improve the credit quality of a bond issue.
A contract typically seen in transactions that involve a letter of credit or a guaranty.
Agreement used in the purchase of a bond issue by a syndicate to set out the rights, obligations and purchase commitments of each underwriter; to authorize one or more underwriters to act as manager(s); and to give the manager(s) authority to act on behalf of the others in connection with the bond issue.