Guarantee: Difference between revisions
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imported>Doug Williamson (Expand for manufacturers' guarantees and add link to Warranty page.) |
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In English law, a stronger form of security would be a bond, a bond being a direct primary obligation from the issuer of the bond, such as a bank or insurance company. | In English law, a stronger form of security would be a bond, a bond being a direct primary obligation from the issuer of the bond, such as a bank or insurance company. | ||
3. | |||
A manufacturer's or supplier's formal promise about the quality or performance of goods, usually given for a pre-defined period after purchase. | |||
Also known as a 'warranty'. | |||
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* [[Security]] | * [[Security]] | ||
* [[Upstream]] | * [[Upstream]] | ||
* [[Warranty]] | |||
===Other links=== | ===Other links=== | ||
[http://www.treasurers.org/node/9128 Bank guarantees, letters of credit and performance bonds, The Treasurer 2013] | [http://www.treasurers.org/node/9128 Bank guarantees, letters of credit and performance bonds, The Treasurer 2013] | ||
Revision as of 14:42, 3 February 2017
1.
To assume the liability for debts of another in the event of the other's default.
2.
The undertaking so given.
In English law, a stronger form of security would be a bond, a bond being a direct primary obligation from the issuer of the bond, such as a bank or insurance company.
3.
A manufacturer's or supplier's formal promise about the quality or performance of goods, usually given for a pre-defined period after purchase.
Also known as a 'warranty'.
See also
Other links
Bank guarantees, letters of credit and performance bonds, The Treasurer 2013
