Government Guarantee
noungov·ern·ment guar·an·teepronounced GUV-ən-mənt GA-rən-tee
Last reviewed 16 April 2026
What does the noun Government Guarantee mean?
A commitment by the government to cover part of the lender's loss if you default on your home loan. It protects the bank, not you. You still owe the full loan and are responsible for every repayment.
How the noun Government Guarantee is used
The government guarantee meant our lender didn't need LMI, but we still owed the full loan amount — the guarantee protects the bank, not us.
Related words
Cite this entry
MLA citation: "Government Guarantee." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/government-guarantee. Accessed 29 May 2026.
Chicago citation: How to Property. "Government Guarantee." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/government-guarantee.
APA citation: How to Property. (2026, April 16). Government Guarantee. https://howtoproperty.com.au/definitions/government-guarantee