Guarantee: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Mend link.) |
imported>Doug Williamson (Add link.) |
||
| Line 1: | Line 1: | ||
1. | 1. ''Debt - trade finance - verb.'' | ||
To assume the liability for debts of another in the event of the other's default. | To assume the liability for debts of another in the event of the other's default. | ||
2. | 2. ''Debt - trade finance - noun.'' | ||
The undertaking so given. | The undertaking so given. | ||
In English law, a stronger form of security than a guarantee | In English law, a stronger form of security than a guarantee is a bond, a bond being a direct primary obligation from the issuer of the bond, such as a bank or insurance company. | ||
3. | 3. ''Trade finance.'' | ||
An alternative name for a bond, issued for example by a bank or insurance company. | |||
4. ''Manufacturers and suppliers.'' | |||
A manufacturer's or supplier's formal promise about the quality or performance of goods, usually given for a pre-defined period after purchase. | A manufacturer's or supplier's formal promise about the quality or performance of goods, usually given for a pre-defined period after purchase. | ||
| Line 20: | Line 25: | ||
== See also == | == See also == | ||
* [[Accommodation finance]] | * [[Accommodation finance]] | ||
* [[Bid bond]] | * [[Bid bond]] | ||
* [[Bond]] | * [[Bond]] | ||
* [[Contingent liabilities]] | * [[Contingent liabilities]] | ||
* [[Counter-indemnity]] | * [[Counter-indemnity]] | ||
* [[ | * [[Default]] | ||
* [[Downstream]] | * [[Downstream]] | ||
* [[Guarantee line]] | * [[Guarantee line]] | ||
| Line 32: | Line 36: | ||
* [[Limited liability]] | * [[Limited liability]] | ||
* [[Performance guarantee]] | * [[Performance guarantee]] | ||
* [[Security]] | * [[Security]] | ||
* [[ | * [[Trade finance]] | ||
* [[Upstream]] | * [[Upstream]] | ||
* [[Warranty]] | * [[Warranty]] | ||
==Other links== | ===Other links=== | ||
[http://www.treasurers.org/node/9128 Bank guarantees, letters of credit and performance bonds, The Treasurer 2013] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Ethics]] | [[Category:Ethics]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
Revision as of 11:18, 4 April 2021
1. Debt - trade finance - verb.
To assume the liability for debts of another in the event of the other's default.
2. Debt - trade finance - noun.
The undertaking so given.
In English law, a stronger form of security than a guarantee is a bond, a bond being a direct primary obligation from the issuer of the bond, such as a bank or insurance company.
3. Trade finance.
An alternative name for a bond, issued for example by a bank or insurance company.
4. Manufacturers and suppliers.
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
- Default
- Downstream
- Guarantee line
- Guarantor
- Indemnity
- Limited liability
- Performance guarantee
- Security
- Trade finance
- Upstream
- Warranty
Other links
Bank guarantees, letters of credit and performance bonds, The Treasurer 2013
