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Can two identical totals hide different secured risks?
A total cost comparison can match while the agreements place different assets or persons at stake.
Read security and guarantee clauses alongside the arithmetic.
Record which consequences the price table does not represent. A lower amount is one consideration and cannot establish that assuming additional asset risk is an equivalent choice.
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Definitions
- Security
- Asset or interest supporting an obligation under the agreement, with consequences determined by its terms and applicable law.
- Guarantor
- Person who takes on obligations described in a guarantee; the extent of liability must be read in that agreement.