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budgetary guarantee

as defined in Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the…, Article 2, point (9) (Definitions)

a legal commitment of the Union to support a programme of actions by taking on the budget a financial obligation that can be called upon should a specified event materialise during the implementation of the programme, and that remains valid for the duration of the maturity of the commitments made under the supported programme

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