CFR > Title 21 > Chapter I > Subchapter L > Part 1230 > Subpart C – Guaranty
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Other versions
§ 1230.20 | General guaranty |
§ 1230.21 | Specific guaranty |
Terms Used In CFR > Title 21 > Chapter I > Subchapter L > Part 1230 > Subpart C - Guaranty
- Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC