Define: NO GUARANTEE
NO GUARANTEE means the absence of assurance concerning debt settlements, reductions, and agreed terms with creditors, or potential future income earnings.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
NO GUARANTEE means the absence of assurance concerning debt settlements, reductions, and agreed terms with creditors, or potential future income earnings.
Relevant Circumstances
- Debt restructuring and settlement talks
- Negotiating royalty earnings from a program
- Arranging payment plans
- Making financial agreements involving various forms of debt