Bank Guarantee
This query is : Resolved
29 January 2010
Hello
Can anyone tell me wat exactly is bank guarantee?
Can anyone tell me wat exactly is bank guarantee?
29 January 2010
Bank Guarantee is a mode of satisfying an individual or a company into financial commitments in a business transaction between a buyer and a sellor. Bank Guarantee is a substitute for Earnest Money, Deposits required from a Contractor in executing a Work Order.
Bank Guarantee is a commitment from a Bank on behalf of its Client to honour financial commitments in case of defaults
Bank Guarantee is a commitment from a Bank on behalf of its Client to honour financial commitments in case of defaults
30 January 2010
Thanks a lot sir.
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