A contractual agreement between a funding source and a seller, whereby the seller assumes personal responsibility and liability for the obligations of the income stream.
Other terms explained in the Business Loans Glossary
Business Loans Glossary: Personal Guaranty
Business Loans Glossary: Personal Guaranty
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Article Id: 115 - Version: 3 - Created: 26-02-2008 - Last Updated: 26-03-2008 - Hits: 449
Categories: Glossary
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