guarantee company


guarantee company
guarantee company noun
A company in which the members undertake to contribute money up to a certain amount if the company is wound up
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Main Entry:guarantee

Useful english dictionary. 2012.

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  • The Guarantee Company of North America — (GCNA), founded in 1872, is currently the largest purveyor of contract surety and fidelity bonding in Canada. It started out providing fidelity bonds for the employees of the railways (such as the Grand Trunk Railway) in the 1800s. The earliest… …   Wikipedia

  • Wallonian SME finance and guarantee company — The Wallonian SME finance and guarantee company (French: Société Wallonne de Financement et de Garantie des Petites et Moyennes Entreprises or SOWALFIN) was founded by the Walloon Region in 2002 to provide capital to the Walloon Small and medium… …   Wikipedia

  • company limited by guarantee — ˌcompany ˌlimited by guaranˈtee noun companies limited by guarantee PLURALFORM [countable] LAW FINANCE a company in which each shareholder is responsible for paying debts up to a certain amount if the company goes bankrupt * * * company limited… …   Financial and business terms

  • Company limited by guarantee — In British or Irish company law, a company limited by guarantee is an alternative type of corporation used primarily for non profit organisations that require legal personality. A guarantee company does not usually have a share capital, but… …   Wikipedia

  • Guarantee Security Life Insurance Company — Guarantee Security Life Insurance Company, or GSLIC, represented one of the most severe cases of insurance fraud in Florida history. According to the Florida Insurance Commissioner:: [GSLIC] was, almost from the beginning, a massive fraud, aided… …   Wikipedia

  • guarantee — gua·ran·tee /ˌgar ən tē, ˌgär / n [probably alteration of guaranty] 1: guarantor 2: guaranty (1) 3: an assurance that a condition will be fulfilled: as …   Law dictionary

  • company — com·pa·ny n pl nies: an association of persons for carrying on a commercial or industrial enterprise compare corporation, partnership finance company: a company that makes usu. small short term loans to individuals growth company: a company that… …   Law dictionary

  • company limited by guarantee — See company. Collins dictionary of law. W. J. Stewart. 2001 …   Law dictionary

  • company limited by guarantee — company that in the event of its breakup its owners will be responsible for its debts in an amount that was determined in advance …   English contemporary dictionary

  • guarantee — See guaranty. American Banker Glossary The assumption of responsibility for payment of a debt or performance of some obligation if the liable party fails to perform to expectations. Bloomberg Financial Dictionary Financial security required for… …   Financial and business terms


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