Benchmark and Guarantee: Difference between pages
From ACT Wiki
(Difference between pages)
imported>Administrator (CSV import) |
imported>Doug Williamson (Add link.) |
||
| Line 1: | Line 1: | ||
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. | |||
== See also == | == See also == | ||
* [[ | * [[Bid bond]] | ||
* [[ | * [[Bond]] | ||
* [[ | * [[Contingent liabilities]] | ||
* [[Downstream]] | |||
* [[Guarantor]] | |||
* [[Indemnity]] | |||
* [[Security]] | |||
* [[Upstream]] | |||
===Other links=== | |||
[http://www.treasurers.org/node/9128 Bank guarantees, letters of credit and performance bonds, The Treasurer 2013] | |||
Revision as of 10:38, 12 August 2016
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.
See also
Other links
Bank guarantees, letters of credit and performance bonds, The Treasurer 2013
