performance bank gaurantee
This query is : Resolved
27 January 2010
what is performance bank gaurantee?
please explain in details.
please explain in details.
27 January 2010
It is a contract you enter with a bank wherein the bank agrees to pay your obligations in case you fail to deliver.Gurantees can be of various types.Most popular are financial and performance guarantees.Financial simply promise to meet the financial obligation.Performance guarantees on the other hand promise to pay against various preaccepted fulfillment of performance indicators.
27 January 2010
Performance Bank guarantee is the guarantee given by the banker for the performance of a particular person.
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