Guaranty
101bank guaranty law — A statute which has for its purpose the guaranty of payment of bank deposits in whole or in a stated percentage, subject to limitations upon the amount of the deposit. See Deposit Insurance Corporation …
102conditional guaranty — A guaranty which imposes as a condition of the guarantor s liability, the happening of some contingent event other than the default of the principal debtor or the performance of some act on the part of the obligee. 24 Am J1st Guar § 16 …
103continuing guaranty — A guaranty which covers a series of transactions or a succession of credits extended to the principal debtor, its purpose being to give him standing credit usable from time to time. 24 Am J1st Guar § 18 …
104contract of guaranty — See guaranty …
105indemnity and guaranty — Two distinct undertakings, in that a guaranty is a collateral undertaking, and presupposes some contract or transaction to which it is collateral, while an indemnity is essentially an original contract. Anderson v Spence, 72 Ind 315 …
106liberty guaranty — See guaranty of liberty …
107limited guaranty — A contract of guaranty which is restricted in its operation with respect to obligee, transactions covered, locality, items for which credit may be extended, amount of credit, etc. 24 Am J1st Guar § 72 …
108revocation of guaranty — The termination by the guarantor of a continuing guaranty or of his offer to guarantee an obligation to be incurred at a future time. 24 Am J1st Guar § 64 …
110Morgan Guaranty Trust — …