bank guarantee
This query is : Resolved
14 November 2008
What is the between financial guarantee and performance guarantee with regard to bank? why charges for the both are different?
14 November 2008
Financial guarantee is guarantee for payment of amount due by a person to another, whereas the performance guarantee is for guaranteeing the performance like supply of goods etc., on time.
15 November 2008
performance guarantee is also for payment of amount due by a person to another then how can one diffrentiate between the two
17 November 2008
BANK GUARANTEE is an irrevocable commitment by a bank to pay a specified sum of money
in the event that the party requesting the guarantee fails to perform the promise or discharge
the liability to a third person in case of the requestor's default.
in the event that the party requesting the guarantee fails to perform the promise or discharge
the liability to a third person in case of the requestor's default.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- TAN for Partnership
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- E way bill for tractors
- STCG FOR GOLD ETFs
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
