{"id":2091,"date":"2021-05-05T07:38:46","date_gmt":"2021-05-05T07:38:46","guid":{"rendered":"https:\/\/enorcerna.com\/wiki\/definition\/endorsement\/"},"modified":"2021-05-05T07:38:46","modified_gmt":"2021-05-05T07:38:46","slug":"endorsement","status":"publish","type":"post","link":"https:\/\/enorcerna.com\/wiki\/definition\/endorsement\/","title":{"rendered":"Endorsement"},"content":{"rendered":"
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\nAn endorsement<\/strong> It is an asset that a person or organization presents as collateral in order to fulfill an obligation to which it has predisposed<\/strong>. <\/span><\/p>\n

<\/p>\n

With guarantee we mean that the obligor presents an asset as a surety or promise of payment. Said asset may become the property of the lender if the obligor fails to repay his debt.<\/p>\n

Colloquially, we could say that it is a guarantee that is given prior to the loan with the intention of issuing confidence about an obligation that has been contracted. In other words, the obligor puts a personal asset as collateral as a sign that he intends to pay the debt.<\/p>\n

The guarantee is used to provide legal security in a transaction. Thus, if there is no collateral, the borrower could refuse to repay the loan without anything happening, leaving a failed payment to the lender.<\/p>\n

Who can be a guarantor?<\/h2>\n

It is common for the collateral presented as collateral to be owned by a third person, who by authorizing the use of their assets as collateral becomes the guarantor of that transaction. It is used mainly in mortgages and high-capital loans, since the figure of the guarantee provides security for the payment of the loan capital.<\/p>\n

Imagine someone who can not pay the mortgage on his home or the credit of his business, the lender will ask for the support given by the guarantor in favor of the guarantor, either with a property or another asset.<\/p>\n

When we ask for a mortgage, credit or simply rent a movie in the video store, many times we must leave guarantees that confirm that we intend to pay, and that, if we do not do so, the lender can keep something of value from the borrower that guarantee the collection of part of your credit. They are one of the bases of the financial system, trust and guarantee.<\/p>\n

Guarantor, beneficiary and guaranteed<\/h2>\n

There are three fundamental figures in these commercial transactions:<\/p>\n

    \n
  • Guarantor<\/strong>. It is the person or institution that will face the obligation with guarantees in the event that the person guaranteed fails in its obligations. It is the guarantor of the obligations of the guarantor.<\/li>\n
  • Beneficiary<\/strong>. It will be the person or institution that receives the amount of the guarantee in the event of cessation of obligations.<\/li>\n
  • Endorsed<\/strong>. Person who has obtained the guarantee that guarantees to the counterpart the payment of their obligations in case of cessation of the same.<\/li>\n<\/ul>\n<\/div>\n\n\n
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    An endorsement It is an asset that a person or organization presents…<\/p>\n","protected":false},"author":1,"featured_media":2092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2091","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-definition"],"_links":{"self":[{"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/posts\/2091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/comments?post=2091"}],"version-history":[{"count":0,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/posts\/2091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/media\/2092"}],"wp:attachment":[{"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/media?parent=2091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/categories?post=2091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enorcerna.com\/wiki\/wp-json\/wp\/v2\/tags?post=2091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}