formal guaranty

See: vow
References in periodicals archive ?
The ratings of Patriot Life reflect the formal guaranty issued by Frankenmuth with respect to Patriot Life's liabilities, as well as the ongoing financial support provided by the parent.
In addition, the company's ratings also reflect a rating enhancement from a formal guaranty issued by Co-operators General with respect to Sovereign's liabilities.
The ratings on WFFI's debt obligations will be directly linked to those of WFC in recognition of the formal guaranty now provided by WFC.
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