FAQ ON BANK GUARANTEE

Prakash , Last updated: 06 December 2007  
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Q: What does the term 'bank guarantee' mean? A bank guarantee is a commercial instrument in the nature of a contract, intended between two parties, to secure compliance with the contract. It is an off-shoot of the main contract between two parties. A bank guarantee is a guarantee made by a

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Prakash
(Lawyer)
Category Corporate Law   Report

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