guaranty of collection

A guaranty that is conditioned on the creditor’s having first exhausted legal remedies against the principal debtor before suing the guarantor. See guarantor of collectibility under GUARANTOR.

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词条贡献者

译者Stephen，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与国际环境保护法规相关的法律文件。