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Guarantee.

When a debtor does not repay their debt to a creditor in a transaction, it refers to a third party who has provided a guarantee having to take on the debt.

In short, they have to repay someone else’s debt instead.

How foolish is this?

Let’s say I provide a guarantee.

If the person I guaranteed succeeds in business thanks to my guarantee, will anything come back to me? Even if something does come back, how much will come ...

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