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

法律翻译Vivian，毕业于美国顶尖的翻译学院，专注翻译各类与水利资源有关的法律文件。