Guarantee: Difference between revisions
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imported>Doug Williamson (Link with Accommodation finance page.) |
imported>Doug Williamson (Link with Counter-indemnity page.) |
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* [[Bond]] | * [[Bond]] | ||
* [[Contingent liabilities]] | * [[Contingent liabilities]] | ||
* [[Counter-indemnity]] | |||
* [[Downstream]] | * [[Downstream]] | ||
* [[Guarantor]] | * [[Guarantor]] | ||
Revision as of 19:01, 22 June 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 than a guarantee 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
- Accommodation finance
- Bid bond
- Bond
- Contingent liabilities
- Counter-indemnity
- Downstream
- Guarantor
- Indemnity
- Security
- Upstream
- Warranty
Other links
Bank guarantees, letters of credit and performance bonds, The Treasurer 2013
