Definition 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.

Guarantee issued by a bank to a carrier to be used in lieu of lost or misplaced original negotiable bill of lading.

The financial guarantees and performance guarantees issued by banks on behalf of their clients. A financial guarantee assures repayment of money. (e.g. an advance received on an electrification contra [..]

See Demand Guarantee.

is a promise from a bank or other lending institution that if a particular borrower defaults on a loan, the bank will cover the loss. Note that a bank guarantee is not the same as a letter of credit.

"An assurance, obtained from a bank by a foreign purchaser; that the bank will pay an exporter up to a given amount for goods shipped if the foreign purchaser defaults. (see: Letter of Credit.)&q [..]

A document issued by a bank acting as a guarantor for their customer. The bank's guarantee is accepted because of their status and creditworthiness compared to that of their customer. Often used in conjunction with major projects, in the form of Bid Bonds, Performance Bonds and Warranty Bonds, commonly for 10% of the contract value, all of whi [..]

A guarantee, issued by the bank of the foreign purchaser, to pay the seller/exporter up to an agreed percentage of the value of the goods shipped in case of default by the purchaser. See also Letter o [..]

Guarantee issued by a bank to a carrier to be used in lieu oflost or misplaced original negotiable bill of lading.

An undertaking by a bank to be answerable for payment of a sum of money in the event of non performance by the party on whose behalf the guarantee is issued.

See bail (supra).

"An assurance, obtained from a bank by a foreign purchaser; that the bank will pay an exporter up to a given amount for goods shipped if the foreign purchaser defaults. (see: Letter of Credit.)&q [..]

Guarantee issued by a bank to a carrier to release cargo in lieu of original bill of lading.

For example a guarantee issued by a bank to a carrier to be used in lieu of lost or missplaced original negotiable bill of lading.

A Bank Guarantee allows the customer, suppliers and other third parties a guarantee of payment to secure a contract or leasing arrangement without tying up working capital or affecting other business [..]