Definition of guarantee fund in English:

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guarantee fund

noun

A sum of money pledged as a contingent indemnity for loss.
Example sentences
  • This has given new life to the concept of the ‘narrow bank’: in return for confining its funds to high-quality, marketable assets, only the narrow bank would be permitted access to the payments system and to the deposit guarantee fund.
  • A guarantee fund with a starting capital of 20 million leva allocated from the 2002 budget will partially or completely cover the collateral of credits extended to socially disadvantaged people.
  • Currently, the guarantee fund disposes of 244.2 million leva.

For editors and proofreaders

Line breaks: guar¦an|tee fund

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