contract guarantee
1contract guarantee insurance — An insurance policy designed to guarantee the financial solvency of a contractor during the performance of a contract. If the contractor becomes financially insolvent and cannot complete the work the insurer makes a payment equivalent to the… …
2CONTRACT — (Heb. חוֹזֶה, ḥozeh), in general law theory a legally binding agreement between two or more parties, in terms of which one party undertakes for the benefit of the other to perform or refrain from a certain act. As such, contract is the main… …
3guarantee — 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 …
4guarantee — n Guarantee, guaranty, surety, security, bond, bail are comparable when they mean either something that is given or pledged as assurance of one s responsibility (as for the payment of a debt, the fulfillment of a promise or obligation, or the… …
5contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …
6Guarantee 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… …
7Contract farming — is agricultural production carried out according to an agreement between a buyer and farmers, which establishes conditions for the production and marketing of a farm product or products.[1] Typically, the farmer agrees to provide established… …
8contract — [n] agreement, deal arrangement, bargain, bond, commission, commitment, compact, concordat, convention, covenant, deposition, dicker*, engagement, evidence, guarantee, handshake*, indenture, liability, mise, obligation, pact, paper, pledge,… …
9guarantee — [n] pledge, promise agreement, assurance, attestation, bail, bargain, bond, certainty, certificate, certification, charter, collateral, contract, covenant, deposit, earnest, gage, guaranty, insurance, lock, oath, pawn, pipe, recognizance,… …
10guarantee clause — n. (1) A clause in the Constitution in which the U.S. government guarantees each state a republican form of government and promises to protect each of the states against invasion and against domestic violence. (2) A clause in a contract in which… …