Examlex
Fill in the correct labels for the following figure using the word bank below.
-D ________
Guaranty Contract
A legal agreement wherein a guarantor agrees to fulfill the obligations of a debtor to a lender, should the debtor fail to do so.
Creditor
An entity (person or institution) that lends money or extends credit to another entity, with the expectation of being repaid in the future.
Debtor's Debt
Debtor's debt refers to the monetary obligation owed by a debtor to a creditor, resulting from a loan or another credit agreement.
Real Property
Land and anything permanently attached to it, such as buildings and structures.
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