Loan Guarantee

Well there... there... there's a positive obligation on the bank to ensure that the people who are signing a loan guarantee, [know:understand] what they're doing. Loan guarantees are ... er ... kind of [unique:rare] in that ... in that someone is giving security or a guarantee and placing themselves at risk for someone else, and they receive nothing [material:information] in return. So you've got to ask yourself why is this person doing this, do they know what they're doing? They're risking a lot, and not really getting anything back for it. So the imperative is that the bank must [ensure:secure] that these people know what they're doing, and that they fully understand the [implications:suggestions] of what they're doing, and they know that their [properties:belongings] may be sold if another person doesn't meet their obligations.