a financial instrument which pays to its holders a minimum fixed remuneration. – A financial product offered for subscription with a guarantee on the respective issue price of the security. In many cases, however, the full guarantee is restricted by contractual clauses, so that ultimately only a limited guarantee applies. – See guarantee fund, guarantee certificate.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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