continuing guaranty

A guaranty that governs a course of dealing for an indefinite time or by a succession of credits. — Also termed open guaranty. [Cases: Guaranty 38.]

continuing guaranty 连续性保证；连续性担保这种担保不限于一个特定的交易，而是延及主债务人将来一系列的交易，直至该担保被撤销为止。在连续交易〔successive transactions〕中，它与主债务人将来的责任相关，其目的在于给主债务人提供一种持续性的、可经常使用的信用。