The phrase "a guarantee of payment" is correct and usable in written English.
You can use it in contexts related to financial transactions, contracts, or agreements where assurance of payment is being discussed.
Example: "The contract includes a guarantee of payment to ensure that all services rendered will be compensated."
Alternatives: "payment assurance" or "payment guarantee."
After bombarding the fortress of San Juan de Ulúa, situated on a reef outside the harbour, and occupying the city (April 16, 1838), the French won a guarantee of payment through the good offices of Great Britain and withdrew their fleet (March 9 , 1839.
By converting Medicare from a guarantee of payment for medical care to a voucher to purchase insurance, the Congressional Budget Office calculated, the share of medical bills that seniors would have to pay themselves would rise from 25percentto68percentcent.
That's a powerful weapon, and even though it is subject to some exceptions, and it is not a guarantee of payment, suspension is a formidable threat to any ongoing brokerage business.
Transmitting ACH paperwork is not a guarantee of payment.
PMPs have evolved into marketplaces where buyers get a free first-look at higher-quality inventory, with improved placements, creative frequency and targeting capabilities — all without providing publishers any guarantee of payment against that inventory.
He was an ally of Bertrand du Guesclin, the Breton-French hero, and a staunch supporter of John II of France; when John was taken prisoner by the English at Poitiers, Bourbon became one of the hostages delivered to the English as a guarantee of the payment of the ransom.
To attract new investors to the secondary mortgage market, in 1981 Fannie Mae began selling mortgage-backed securities (securities collateralized by cash flows from pools of mortgage loans) with a guarantee of timely payment of principal and interest, whether or not the original borrowers paid.
The Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, operates mainly by purchasing mortgages from lenders, repackaging them as mortgage-backed securities (securities collateralized by cash flows from pools of mortgage loans), and selling the securities to investors with a guarantee of timely payment of principal and interest, whether or not the original borrowers pay.
Southern declined to discuss financial information, but analysts said that under most standard licensing agreements, a company typically gets an upfront sum and a guarantee of future payments that will be generated by a slice of sales.
I should add that the bondholders of MBIA care less about rating agency opinion given they have an irrevocable guarantee of payment if the underlying bonds fail to perform.
A form of guarantee of payment issued by a bank on behalf of a borrower that assures the payment of interest and repayment of principal on bond issues.
