Guarantee: Difference between revisions
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1. To assume the liability for debts of another in the event of | 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 == | == See also == | ||
* [[Accommodation finance]] | |||
* [[Advance payment guarantee]] | |||
* [[Bank guarantee]] | |||
* [[Bid bond]] | * [[Bid bond]] | ||
* [[Bond]] | * [[Bond]] | ||
* [[Contingent liabilities]] | |||
* [[Counter-indemnity]] | |||
* [[Credit support]] | |||
* [[Customs guarantee]] | |||
* [[Default]] | |||
* [[Deposit Guarantee Scheme]] | |||
* [[Downstream]] | * [[Downstream]] | ||
* [[Export Credits Guarantee Department]] | |||
* [[Export Development Guarantee]] | |||
* [[Guarantee line]] | |||
* [[Guarantor]] | * [[Guarantor]] | ||
* [[Indemnity]] | * [[Indemnity]] | ||
* [[Interest rate guarantee]] | |||
* [[Limited by guarantee]] | |||
* [[Limited liability]] | |||
* [[Multilateral Investment Guarantee Agency]] | |||
* [[Performance guarantee]] | |||
* [[Retention guarantee]] | |||
* [[Security]] | |||
* [[Tender guarantee]] | |||
* [[Trade finance]] | |||
* [[Upstream]] | * [[Upstream]] | ||
* [[Warranty]] | |||
==Other resource== | |||
*[http://www.treasurers.org/node/9128 Bank guarantees, letters of credit and performance bonds, The Treasurer 2013] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Ethics]] | |||
[[Category:Manage_risks]] | |||
Latest revision as of 20:53, 4 May 2022
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
- Advance payment guarantee
- Bank guarantee
- Bid bond
- Bond
- Contingent liabilities
- Counter-indemnity
- Credit support
- Customs guarantee
- Default
- Deposit Guarantee Scheme
- Downstream
- Export Credits Guarantee Department
- Export Development Guarantee
- Guarantee line
- Guarantor
- Indemnity
- Interest rate guarantee
- Limited by guarantee
- Limited liability
- Multilateral Investment Guarantee Agency
- Performance guarantee
- Retention guarantee
- Security
- Tender guarantee
- Trade finance
- Upstream
- Warranty
