Bank Guarantee

What Does Bank Guarantee Mean?
A guarantee from a lending institution ensuring that the liabilities of a debtor will be met. In other words, if the debtor fails to settle a debt, the bank will cover it.

Investopedia explains Bank Guarantee
A bank guarantee enables the customer (debtor) to acquire goods, buy equipment, or draw down loans, and thereby expand business activity.

Related Terms

Avalize
Bank
Bank Endorsement
Debtor
Demand Guarantee
Fully Funded Documentary Letter Of Credit - FFDLC
Leased Bank Guarantee
Letter Of Credit
Liability
More Related Terms

Related Links

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