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CONTINUING GUARANTY For and in consideration of the sum of Ten Dollars ($10.00) and other good and valuable consideration in hand paid to the undersigned (the Guarantor, whether one or more) and as
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Individuals or businesses that are seeking financing or credit from a lender may need to provide a continuing guaranty.
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A continuing guaranty is a type of guarantee that covers all transactions that may occur in the future between the debtor and creditor.
The party providing the guarantee, typically a third party or business entity, is required to file the continuing guaranty.
Continuing guaranty forms can typically be filled out by providing the necessary information about the guarantor, the debtor, and the terms of the guarantee.
The purpose of a continuing guaranty is to provide assurance to the creditor that the debtor's obligations will be fulfilled, even for future transactions.
Information such as the names of the guarantor and debtor, the amount covered by the guarantee, and any specific terms or conditions of the guarantee must be reported.
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