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Guaranty company

Black's Law Dictionary · Henry Campbell Black, M.A. · 1910

Black's Law Dictionary

A corporation authorized to transact the business of entering into contracts of guaranty and suretyship ; as, one which, for fixed premiums, becomes surety on judicial bonds, fidelity bonds, and the like.

See Ætna L. Ins. Co. v. Coulter, 74 S. W. 1050, 25 Ky. Law Rep. .193.