Prompt Payment Guarantee definition
Prompt Payment Guarantee that guarantees up to three installments per year plus the cost of taxes and insurance OR (2) “Standard Guarantee,” which guarantees 90% of the outstanding principal balance.
Examples of Prompt Payment Guarantee in a sentence
The Escrow Agent will maintain the original Land Contract Agreement for Prompt Payment Guarantee executed by all parties and will return the Agreement to the Agency upon its termination.
The Escrow Agent will maintain the original Loan Payment Guarantee For Prompt Payment Guarantee executed by all parties to the Agreement and will return this document to the Agency upon termination of the Agreement.