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Bank Guarantee |
Also found in: Acronyms | 0.06 sec. |
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Bank Guarantee 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. Notes: A bank guarantee enables the customer (debtor) to acquire goods, buy equipment, or draw down loans, and thereby expand business activity. |
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? Mentioned in | ? References in periodicals archive | |
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| NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE | --------------------------------------------------------- Not FDIC Insured - No Bank Guarantee - May Lose Value Not FDIC Insured - No Bank Guarantee - May Lose Value |
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Bank Guarantee
