- What is counter guarantee? Anti-guarantee, also called guarantee of indemnity, means that when the third party provides the debtor with the guaranty to the obligee, the debtor shall guarantee the third party or set the object at the request of the third person. When the guarantor suffers a loss due to the payment of the debtor's debt, the debtor needs to use a guaranty or ...
- What is the difference between counter guarantee and guarantee? Counter-guarantee, also known as claim guarantee, refers to the guarantee set for guaranteeing the realization of the debtor's right of recovery after the guarantor other than the debtor undertakes the guarantee responsibility in the future. Counter-guarantee measures include collateral counter-guarantee, pledge counter-guarantee, guarantee counter-guarantee, accounts receivable pledge ...
- Anti-guarantee the essence and role In fact, the establishment of counter-guarantee is to share the guarantee responsibility. In the contract with heavier guarantee liability, the larger the counter-guarantee liability is, the less the guarantee liability borne by each guarantor and the less the risk of property loss. In real life, often because of some special ...
- Anti-guarantee the establishment of conditions Counter-guarantee is an effective measure to safeguard the interests of guarantors and guarantee their possible future recovery. Article 4 of China's "Guarantee Law" stipulates that when the third party provides the debtor with a guarantee to the creditor, the third party may require the debtor to provide counter-guarantee. Counter guarantee applicable to this law ...
- Anti-guarantee responsibility Anti-guarantee needs to fulfill the following responsibilities: 1, the guarantee center assumed the responsibility to guarantee, the right under the counter-guarantee contract to exercise the appropriate rights. 2, the security center to exercise the mortgage, you can agree with the mortgagor will collateral discount or auction, sale; agreement fails, you can ...
What is the meaning of counter guarantee?
In the applicationSecured loan, The borrower will sometimes be required to provide anti-guarantee measures, can be successfully obtainedloan. However, "counter-guarantee" is, after all, a highly specialized vocabulary. For a novice to a loan, it is really a shameless monk. But you do not worry,Financial 360 loansThis is the answer for you.
To know what is counter-guarantee, you also need to know what the guarantee is. As the guarantor, in the borrower unable to repay the loan, will be the performance guarantee responsibility, on behalf of the repayment of the remaining interest. The guarantee side for the sake of insurance, to ensure the realization of its recovery, will allow the borrower to provide collateral for counter-guarantee.
Counter-guarantees are often used between guarantee companies and borrowers. Generally speaking, in order to make profits and reduce the risk of loans, banks usually let under-qualified users find the guarantee company and can only approve the loan with the guarantee of the guarantee company. The aim of the bank is to shift the risk to the guarantee company. When the borrower refuses to repay, the guarantee company must pay the bank instead of the borrower.
How to compensate for the loss of the guarantee company? As a guarantee company will certainly not willing to bear these losses, it will require the borrower to provide some collateral to guarantee, guarantee the interests of the security company. If the borrower refuses to repay, the guarantee company has the right to file a lawsuit in the court and request the seizure and sale of the mortgaged property to make up for the economic losses.
【Exclusive Articles and Disclaimer】 Any work that is marked "Melt 360 Original", without the written authorization of Melting 360, shall not be reproduced, excerpted or used in any other way by any of the above works. Have been authorized in writing, indicate the source of financial 360. Anyone who violates the above statement and infringes upon the legitimate rights and interests of Rong 360 will be investigated for legal liability according to law. Materials and conclusions in the works are for reference only and do not constitute operational recommendations. For written authorization, please email: email@example.com
- Comment lists (User reviews only users to express their opinion, does not mean that this site agree with their views or confirm their description)
- Mobile Edition: What is the meaning of counter guarantee?
- Alipay has added six major functions, these people should be blessed!
- Loan line is too low how to do? Five strokes to help you easily lift!
- [Port] idol loan 5 minutes to take a small loan creditors what?
- A little trick, since the ants by chanting opening function is turned off?
- What kind of repayment is the most cost-effective? Looked over, teach you save money!
- Credit was rejected seven reasons, you shot it!
- Loans are not returned, bad records automatically eliminate after five years is true?
- Apply for the second day of the same day! 15 short-term borrowers with small loans you pick
- What are the reasons consumer loans are rejected? Have given you this column!
- What are the hazards of lending usury? These consequences make you unimaginable!