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Search results for keyword: obligor
liquidated damages
I. Introduction A penalty is a payment due from an obligor, or someone who has contracted to pay a debt, to the obligee, or someone whom owes the debt, when a contract is breached.penalty clause defines the penalty amount and its terms of payment. A penalty clause is common in loan agreements an......
performance bond
PERFORMANCE BOND This Performance Bond (Undertaking) is made and entered into as of the date indicated below (the Effective Date) by and among [Parties] (the obligor) jointly and severally and [Institution] (the Surety). W I T N E S S E T H WHEREAS, the obligor has been invited to submit its pr......
Liability for breach of contract
Intro The discussion of contractual breach and consequential damages in the context of contract breach usually requires consideration for both its economic and legal perspectives. Economic damages concern with assessing the costs of a breach, whereas legal damages are tied to the loss of income or......
tags: breach damages contract agreement may obligor
1023
Hannah
Creditmetrics model
Coinage Creditmetrics Model The Creditmetrics Model, which was developed by JP Morgans CreditMetrics Group in 1997, is an analytical model used to determine an institution’s exposure to credit risk. It is a bottom-up approach that allows investment banks and other financial institutions to accur......
Bid bond
Bid Bond A bid bond is a surety bond issued by an insurance company or a bank to guarantee that a contractor will enter an agreement at the price they have bid on a project. The project owner typically requires the contractor to provide a bid bond to ensure they will not default on the contract i......
tags: bid bond their bond bid project
1042
Sophia
Credit Rating Derivatives Risk Measurement Method
Credit Rating Derivative Risk Measurement Method In the current financial market, credit rating derivatives are becoming increasingly prominent, providing investors with a way to hedge and speculate on the debt of companies and other entities. Credit rating derivatives have significantly increase......
tags: risk credit rating ratings rating such
1028
Natalie
Guarantee Guarantee
Introduction A surety bond is used to guarantee that a person or organization will fulfill an obligation required by law. Surety bonds are a form of protection for businesses, organizations and individuals to ensure there is a guarantee that contracted services will be provided. Certain professio......
tags: surety bonds will guarantee loan should
1023
Liam
external guarantee
A Guarantee is a promise by one party to assume responsibility for the debt or obligation of a borrower in the event of the borrower’s default. In other words, a guarantee is a third-party assurance to a lender that if the borrower fails to repay a loan, the guarantor will assume responsibility fo......
tags: guarantee guarantor borrower guarantee guarantor party
19/07/2023
1049
Sophie
guarantee
Introduction Guarantees refer to the security bonds that induce confidence and trust into a financial agreement or arrangement. A guarantee is assurance by the guarantor (person giving the guarantee) to the beneficiary (person receiving the guarantee) that some obligation will be fulfilled or a c......
tags: guarantees guarantee financial guarantees party debt
16/07/2023
1050
Samantha
guarantee contract
Guaranty Contract This guarantee contract (“Contract”) is entered into this day of _______ , 2021, by and between _______ (“Guarantor”), and _______ (“obligor”). This Contract shall be legally binding and valid with all its clauses and conditions. Whereas, obligor has executed a loan agree......
tags: guarantor shall contract guarantee parties contract
15/07/2023
1076
Emma
12
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