Ask ExpertsCategory: Lease and Finance MgtGuaranee Types – What does it drive
Naga asked 10 years ago

Hi
In the Parties tab, we can associate a party as a ‘Guarantor’. The LOV for ‘Guarantee Type’ shows different options – of which ‘Full’ and ‘Partial’ are self explanatory.
But what do the following ‘Guarantee Types’ mean:
 – Guaranteed Purchase Option – Why is there is a guarantee for a purchase option? Option should not be mandatory for a customer to pay (in normal circumstances), so I don’t know why there would be a guarantee for it?
 – No Guaranty – Why is this value here? Why would you add a Guarantor party, with a “No Guaranty” type?
Do not find anything in the documentation. Appreciate any inputs
Thanks
Naga
 
 

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