Guarantee: Difference between revisions

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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 would be a bond, a bond being a direct primary obligation from the issuer of the bond, such as a bank or insurance company.
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]]
* [[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]


==External links==
[[Category:Accounting,_tax_and_regulation]]
http://www.treasurers.org/node/9128
[[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


Other resource