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LSDefine

Simple English definitions for legal terms

guaranty company

Read a random definition: vertical trust

A quick definition of guaranty company:

A guaranty company is a type of company that helps protect people from losing money if someone else doesn't do what they promised. For example, if someone promises to pay back a loan but doesn't, the guaranty company will pay instead. It's like having a backup plan in case something goes wrong. Other types of companies include ones that own other companies, ones that invest money for people, and ones that check if a property has any problems before someone buys it.

A more thorough explanation:

A guaranty company is a type of surety company that provides insurance to a party against a loss caused by a third party. For example, if a contractor hires a guaranty company to provide a bond for a construction project, the company will guarantee that the contractor will complete the project as agreed. If the contractor fails to do so, the guaranty company will pay for any damages or losses incurred by the project owner.

Another example of a guaranty company is a bail bondsman. If someone is arrested and cannot afford to pay bail, a guaranty company can provide a bond to the court, guaranteeing that the defendant will appear for their trial. If the defendant fails to appear, the guaranty company will be responsible for paying the full amount of the bail.

Overall, a guaranty company provides a valuable service by helping to mitigate risk for parties involved in various types of transactions.

guarantee treaty | guaranty contract

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18:24
what other guns ya got
are we losing hope for gtown lol
yeah i dont think gtown does A's this late unfortunately
18:25
it is like 630 on a friday there bud
18:25
think it is safe to say it aint happenin today\
damn it was a slow day today
BulbasaurNoLikeCardio
18:26
I got a custom built Leftie ar15 I run suppressed, a regular ar15, a .270 axis savage bolt gun, xd9, xd40 and have my AR10 I run suppressed.
BulbasaurNoLikeCardio
18:26
I do not think we will see a wave until after thanksgiving. Adcoms will be nice and not ruin someones thanksgiving with an R
18:28
ruin my thanksgiving law schools uwu
PerpetualCheerfulBeaver
18:53
I really thought a texas schools wave was going to hit today...guess it will be December 1
7Rings
19:00
No news is good news 😜
PerpetualCheerfulBeaver
19:10
the mentality im embracing
ClassyPleasantHeron
19:23
You will see some A waves next week, just before Thanksgiving. Schools like to give people things to talk about over the holidays.
19:26
my predict monday berk from earlier td
snow
19:33
Oregon decision rendered…
snow
19:33
Bro why don’t they just tell me lol
damn ive been under review for a month and no movement, when did u apply snow?
snow
19:39
The day apps opened. I still don’t know what the decision is tho lol
Dang. Crossing my fingers for you!!
snow
19:41
Thank you!!
shaquilleoatmeal
19:44
Snow dude wtf you been
snow
19:46
Working! I was prepping for a trial but it got reset!
snow
19:47
Have you don your gulc interview?
JumpySubsequentDolphin
19:47
@snow: snow!!!! I’m in Oregon should I break into admissions office and demand your decision be sent
shaquilleoatmeal
19:49
Better to be prepared than not, otherwise it always happens when you don’t prep
shaquilleoatmeal
19:50
Yea did it a week and half ago, told us we won’t hear anything until end of December if we’re lucky, most likely first week of jan
shaquilleoatmeal
19:50
Said no one works after Monday this week and no one works week of Christmas
shaquilleoatmeal
19:50
So holiday takes time away from app review
snow
19:54
True @shaq and do it jumpy!!
20:06
Hi everyone! Decided a bit too late that I wanted to go into law. GPA currently stands at 3.76 (one more semester to go) and I'm interested in going into immigration law. Anybody got any advice for LSAT studying and applications? I plan on taking a gap year to have some time for internships and such :)
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