A type of guarantee in which a bank or other lending organization promises to repay the liabilities of a debtor in the event that the debtor is unable to.
Related information about bank guarantee:
- Bank Guarantee Definition | Investopedia
A guarantee from a lending institution ensuring that the liabilities of a debtor will be met. In other words, if the debtor fails to settle a debt, the bank will cover it.
- What's the difference between a bank guarantee and a letter of credit?
Sep 10, 2008 ... A bank guarantee and a letter of credit are similar in many ways but they're two different things. Letters of credit ensure that a transaction.
- .: Federal Bank :.Bank Guarantee
Bank guarantee (BG) is used to strengthen and/or secure an obligation under a commercial contract. Customers can apply to the Bank to issue BG in favour of a ...
- Bank Guarantee - Financial Dictionary - The Free Dictionary
A promise made by a bank to provide payment to another bank or lender on a bond, loan, or other liability in the event of default. Banks often make guarantees ...
- Bank guarantee fraud
Bank Guarantee: Bank Guarantee is a real ScamSpeak™ term if ever there was one. Even though it has found its way into common usage in the financial news ...
- What Is a Bank Guarantee?
Nov 8, 2012 ... A bank guarantee is a pledge on the part of a bank to pay someone's debt if he or she can't pay it. People often try to get a bank...
- UBS - Bank guarantees - Switzerland
Sep 5, 2012 ... A bank guarantee is a one-way contract between a bank as the guarantor and a beneficiary as the party to whom a guarantee is made. More ...
- Bank guarantees - Commonwealth Bank Group
A bank guarantee allows you to offer customers, suppliers and other third ... A bank guarantee may suit your business if you need to promise payment to a third ...