Guarantee

Type of Guarantee that are generally issued by the bank Guarantee Guarantee: A guarantee is promise made by the person/organization (or guarantor) to the Banker that he will pay the present or future debt in case of default by the principal debtor. So the guarantor is undertaking to repay the debt in case it is not …

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ISSUANCE OF FOREIGN BANK GUARANTEE Guarantee A guarantee is promise made by the person/organization (or guarantor) to the Banker that he will pay the present or future debt in case of default by the principal debtor. So the guarantor is undertaking to repay the debt in case it is not the principal debtor. We should …

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