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almond37 [142]
3 years ago
15

A(n) _______ is an arrangement in which a third party promises to be secondarily liable for the payment of another's debt.

Business
1 answer:
Gre4nikov [31]3 years ago
3 0
A. guaranty arrangement
The third party is providing a guarantee that the lender will recover the debt regardless of the borrower's reputation to pay.
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