guaranteeguarantee: in business law, a party’s promise to step into... More: in business law, a party’s promise to step into the shoes of another party and fulfil their obligations under a contract, should that other party default; company directordirector: person appointed as an officer of a company, whose... More personal guarantees, for example, will require a directordirector: person appointed as an officer of a company, whose... More to make good the limited company’s obligations under a contract should the limited companylimited company: in company law, a corporation or incorporat... More be placed into insolvent liquidationinsolvent liquidation: the process of winding up a company... More.