Definition of Guaranteed/Insured Loan

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TeachMeFinance.com - explain Guaranteed/Insured Loan



guaranteed / insured loans -- Programs in which the federal government makes an arrangement to indemnify a lender against part or all of any defaults by those responsible for repayment of loans.

another definition...

Guaranteed/Insured Loan -- A loan made and serviced by a lending institution under agreement that a governmental agency may either purchase the guaranteed portion if the borrower defaults or insure against losses the lender may incur a loss due to default.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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