Guarantee: Difference between revisions
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* [[Security]] | * [[Security]] | ||
* [[Upstream]] | * [[Upstream]] | ||
===Other links=== | ===Other links=== | ||
http://www.treasurers.org/node/9128 | [http://www.treasurers.org/node/9128 Bank guarantees, letters of credit and performance bonds, The Treasurer 2013] | ||
Revision as of 15:42, 27 April 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
