Guarantee: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
imported>Doug Williamson No edit summary |
||
| Line 36: | Line 36: | ||
===Other links=== | ===Other links=== | ||
[http://www.treasurers.org/node/9128 Bank guarantees, letters of credit and performance bonds, The Treasurer 2013] | [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]] | |||
Revision as of 13:27, 5 August 2020
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 than a guarantee would be a bond, a bond being a direct primary obligation from the issuer of the bond, such as a bank or insurance company.
3.
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
- Downstream
- Guarantee line
- Guarantor
- Indemnity
- Limited liability
- Security
- Upstream
- Warranty
Other links
Bank guarantees, letters of credit and performance bonds, The Treasurer 2013
