BizSugar.com › Management › 4 Types of Guarantees: What Are You Getting Into?

The dictionary defines “guarantee” as the assurance for the fulfillment of a condition. When it comes to business, there are different types of guarantees. Some are given to customers, some to lenders, and some to other third parties. To help understand the legal and financial promises you’re making when you give a guarantee, here is some basic information on various types of guarantees.