abbr. Good-till-Date

abbr. Good-till-expiration

Funds that guarantee the return of a predetermined (at issue) amount at a specified time. Guaranty funds are usually fixed-term funds. The advantage of the guarantee fund is that besides benefiting from additional income the risk of loss is limited (by the guaranteed return), their disadvantage is that the participation from the income is usually limited because of the guarantee.

see covered bond

a third party that accepts a contractual or statutory commitment for repayment of another entity's obligation