Bank Guarantee definition explanation

What is Bank Guarantee?
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. Read more for examples and further explanation including related video clips and also comments

Example explains Bank Guarantee
A bank guarantee enables the customer (debtor) to acquire goods, buy equipment, or draw down loans, and thereby expand business activity.

This entry was posted in Investments Reference. Bookmark the permalink.

Comments are closed.