director's guarantee

a personal guarantee given by a director of a company that s/he will be personally responsible for a debt or other liability of the company. Usually requested in credit applications, leases, loans and hire purchase agreements. Glossary of Business Terms

Financial and business terms. 2012.

Look at other dictionaries:

  • director's certificate — It is a certificate signed by at least one director on behalf of the company certifying that certain documents given to the lender are true, complete and up to date on the date the certificate is signed. The director signing the certificate also… …   Law dictionary

  • Guarantee (filmmaking) — In filmmaking, a Guarantee is part of an actor or director s contract that guarantees remuneration if through no fault of their own they are released from that contract. It is known informally as “Play or Pay”.Many stars insist on guarantees in… …   Wikipedia

  • Multilateral Investment Guarantee Agency — The Multilateral Investment Guarantee Agency (MIGA) is a member organization of the World Bank Group that offers political risk insurance. It was established to promote foreign direct investment into developing countries. MIGA was founded in 1988 …   Wikipedia

  • Completion guarantee — A completion guarantee (sometimes referred to as a completion bond) is a form of insurance offered by a completion guarantor company (in return for a percentage fee based on the budget) that is often used in independently financed films to… …   Wikipedia

  • Company limited by guarantee — Aktie der Barnum Bailey Limited Limited Company (deutsch: limited: beschränkt, hier: haftungsbeschränkt; company: Firma) wird im britischen Gesellschaftsrecht die nicht börsennotierte Aktiengesellschaft genannt. Die Limited Company ist in… …   Deutsch Wikipedia

  • Norwegian Guarantee Institute for Export Credits — The Norwegian Guarantee Institute for Export Credits (Norwegian: Garanti instituttet for eksportkreditt, GIEK) is a Norwegian government agency. It was established in 1960 with the purpose of granting guarantees for Norwegian export companies. It …   Wikipedia

  • Pension Benefit Guaranty Corporation — (United States) Agency overview Formed September 2, 1974 …   Wikipedia

  • Nationalisation of Northern Rock — People queuing at a branch of the Northern Rock bank in Brighton on 14 September 2007. In 2008 the Northern Rock bank was nationalised by the British Government, due to financial problems caused by the subprime mortgage crisis. In 2010 the bank… …   Wikipedia

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

  • Types of business entity — Companies law Company  …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.