Guaranteed minimum income can refer to a social theory that all citizens receive basic means of survival or an income model used in some professions to determine a worker’s minimum pay. It can be difficult to implement due to cost and objections, but social programs like student loans and minimum wage laws help. In some […]
A guaranteed reservation is an agreement between a hotel and a guest that a room will be available, regardless of arrival time, secured by payment guarantee. Payment requirements vary, and compensation may be offered if a room is not available. Terms vary by hotel, and guests may forfeit some payment if they cancel. The hotel […]
A secured mortgage uses real estate as collateral for a loan, with specific rules and terms agreed upon by the borrower and lender. It is often used for commercial investments and is not the same as a second home loan. A collateralized mortgage obligation is an investment backed by mortgages with fixed maturity. A secured […]
A guaranteed rate is a price, interest rate, or ongoing fee insured for a specified period of time, but can hide additional commissions or be limited. Scrutiny is important to determine benefits and fees unrelated to the guarantee. Time limitations can reduce value, so investigating after expiration is crucial. A guaranteed rate can be a […]
A Guaranteed Investment Certificate (GIC) is a fixed-term savings method available in Canada, where the rate of return is fixed or variable, and the investor’s money is backed by a government scheme if the bank fails. GICs offer higher interest rates than deposit accounts but lower than investment products like stocks. Registered GICs offer tax […]
“Satisfaction guaranteed” is a common advertising slogan used by retailers and manufacturers to assure customers that their products or services will meet their needs. It is not always a legally binding contract, but rather an insurance to generate repeat business. Some customers may take it literally and demand more than a cash refund or replacement, […]
Guaranteed sales can mean wholesalers taking back unsold goods or realtors buying unsold homes. Secured sales agreements, also known as consignment sales, can involve upfront payment or no payment until the retailer sells the product. It is important to read the terms and conditions carefully to avoid unexpected liability. A guaranteed sale in real estate […]
Guaranteed minimum income can refer to a social theory that all citizens should receive basic means of survival or an income model used in some professions to determine the minimum a worker will be paid. It is often created through laws and social programs but can be difficult to put into practice due to cost […]
