Showing posts with label business finance. Show all posts
Showing posts with label business finance. Show all posts
Thursday, 9 April 2015
Monday, 9 February 2015
Bank Guarantee and Letter of Credit Services for Small Business Finance
A bank guarantee represents an obligation of the bank to pay a specific amount of money if the party for which the bank is giving the guarantee does not fulfill it.
A Bank Guarantee is an alternative way to providing a bond directly to a vendor. It is an unconditional endeavor given by the bank, on behalf of their customer, to pay the recipient of the guarantee the amount of the guarantee on written demand.
Subscribe to:
Posts (Atom)
