Advance payment guarantee: Difference between revisions

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imported>Doug Williamson
(Expand definition. Source: Advance payment bond page.)
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* [[Customs bond]]
* [[Customs bond]]
* [[Guarantee]]
* [[Guarantee]]
* [[Letter of credit]]
* [[Performance bond]]
* [[Performance bond]]
* [[Retention bond]]
* [[Retention bond]]
* [[Standby letter of credit]]
* [[Surety]]
* [[Surety]]
* [[Surety bond]]
* [[Surety bond]]
* [[Tender]]
* [[Tender]]
* [[Trade finance]]
* [[Trade finance]]
== See also ==
* [[Letter of credit]]
* [[Standby letter of credit]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]

Revision as of 11:33, 4 April 2021

Trade finance - credit support.

An advance payment guarantee is a guarantee supplied by a party receiving an advance payment, to the party making the advance payment.

The advance payment guarantee is issued by a bank or insurance company in favour of the potential customer, to protect the customer against a contractor's failure to fulfil the contract satisfactorily.

It guarantees that the advance payment will be returned if that happens.


Also known as an advance payment bond.


See also