Usually means: Collateral promise by an individual.
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We found 5 dictionaries that define the word personal guarantee:

General (2 matching dictionaries)
  1. personal guarantee: Dictionary.com
  2. Personal guarantee: Wikipedia, the Free Encyclopedia

Business (3 matching dictionaries)
  1. INVESTORWORDS (No longer online)
  2. BusinessDictionary.com (No longer online)

Definitions from Wikipedia (Personal guarantee)

noun:  A personal guarantee is a promise made by a person or an organization (the guarantor) to accept responsibility for some other party's debt (the debtor) if the debtor fails to pay it.


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