guaranty insurance

guaranty insurance
A guaranty or insurance against loss in case a person named shall make a designated default, or be guilty of specified conduct. People ex rel. Kasson v Rose, 174 Ill 310, 51 NE 246. See credit insurance; fidelity guaranty insurance; title insurance.

Ballentine's law dictionary. . 1998.

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  • Mortgage Guaranty Insurance Corporation — Name Mortgage Guaranty Insurance Corporation Headquarters Milwaukee, Wisconsin Symbol NYSE: MTG Principal Subsidiary MGIC, the nation s leading private mortgage insurer Company website …   Wikipedia

  • fidelity and guaranty insurance — A contract of fidelity or guaranty insurance is one whereby the insurer, for a valuable consideration, agrees, subject to certain conditions, to indemnify the insured against loss consequent upon the dishonesty or default of a designated person.… …   Black's law dictionary

  • fidelity and guaranty insurance — A contract of fidelity or guaranty insurance is one whereby the insurer, for a valuable consideration, agrees, subject to certain conditions, to indemnify the insured against loss consequent upon the dishonesty or default of a designated person.… …   Black's law dictionary

  • guaranty — guar·an·ty / gar ən tē, gär / n pl ties [Old French garantie, from garantir to guarantee, from garant warrant] 1: a pledge to pay another s debt or to perform another s duty in case of the other s default or inadequate performance compare letter… …   Law dictionary

  • insurance — in·sur·ance /in shu̇r əns, in ˌshu̇r / n 1: the action, process, or means of insuring or the state of being insured usu. against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a: the business of insuring persons or …   Law dictionary

  • fidelity guaranty insurance — A contract whereby one, for a consideration, agrees to indemnify another against loss arising from the want of integrity or fidelity of employees or persons holding positions of trust. People ex rel. Kasson v Rose, 174 Ill 310, 51 NE 246. In… …   Ballentine's law dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • guaranty — An undertaking or promise, on the part of one person called the guarantor, which is collateral to a primary or principal obligation on the part of another, and which binds the guarantor to performance in the event of nonperformance by such other… …   Ballentine's law dictionary

  • guaranty policy — An insurance policy whereby the insurer undertakes to pay the insured creditor in the event of nonpayment by his debtor. See credit insurance; guaranty insurance; solvency policy …   Ballentine's law dictionary

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