Guarantee: Difference between revisions
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imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Add link to UK Finance webpage.) |
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== See also == | == See also == | ||
* [[Accommodation finance]] | * [[Accommodation finance]] | ||
* [[Advance payment guarantee]] | |||
* [[Bid bond]] | * [[Bid bond]] | ||
* [[Bond]] | * [[Bond]] | ||
* [[Contingent liabilities]] | * [[Contingent liabilities]] | ||
* [[Counter-indemnity]] | * [[Counter-indemnity]] | ||
* [[Customs guarantee]] | |||
* [[Default]] | * [[Default]] | ||
* [[Downstream]] | * [[Downstream]] | ||
| Line 36: | Line 38: | ||
* [[Limited liability]] | * [[Limited liability]] | ||
* [[Performance guarantee]] | * [[Performance guarantee]] | ||
* [[Retention guarantee]] | |||
* [[Security]] | * [[Security]] | ||
* [[Tender guarantee]] | |||
* [[Trade finance]] | * [[Trade finance]] | ||
* [[Upstream]] | * [[Upstream]] | ||
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===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] | ||
*[https://www.bba.org.uk/customers/business-banking/financial-support/bonds-guarantees/ UK Finance - Bonds & Guarantees] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Ethics]] | [[Category:Ethics]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
Revision as of 11:39, 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
- Advance payment guarantee
- Bid bond
- Bond
- Contingent liabilities
- Counter-indemnity
- Customs guarantee
- Default
- Downstream
- Guarantee line
- Guarantor
- Indemnity
- Limited liability
- Performance guarantee
- Retention guarantee
- Security
- Tender guarantee
- Trade finance
- Upstream
- Warranty
