ENTREPRENEURSHIP

Detailed explanation-1: -Guaranteed funds, also known as certified funds, is a type of payment which is guaranteed to clear. This means that the funds will be honoured by a financial institution, either by setting aside the funds or depositing such funds into the intended account without the possibility of recourse.

Detailed explanation-2: -Guaranteed Asset Protection, otherwise known as GAP, is an optional insurance coverage offered as a supplement to an auto, motorcycle, boat, ATV, or RV loan. This product is offered to help protect a loan from negative equity.

Detailed explanation-3: -What Is a Capital Guarantee Fund? A capital guarantee fund is an investment in which the investor’s principal is shielded from any losses. With a capital guarantee fund, any losses experienced by the underlying investments are instead absorbed by the fund company.