FINANCE|financing and investment
- ráthaíocht chéadchaillteanais Tagairt Faomhadh an téarma seo mar chuid de Thionscadal Lex
- ga
- first loss guarantee | first-loss liability
- en
- Sainmhíniú legal arrangement whereby an entity other than the borrower undertakes to cover the first default on a loan up to a specific portion of the total loan amount Tagairt "Council-EN based on UN-Habitat, http://unhabitat.org/?wpdmact=process&did=Njc3LmhvdGxpbms=, [20.3.2015]"
- Nóta For example, on a 50% first loss guarantee in the case of default, the first 50% of the loan that is not repaid is covered by the guarantee.