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Guaranteeing Bank

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Guaranteeing Bank
A bank that ensures payment on a note, bond, or other debt instrument in the event of default. It is important to note that the avalising bank is not a party to the transaction in any other way. Avalising banks are more common in Europe than in the United States, as American banks have tighter restrictions on bank guarantees. See also: aval.
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Besides, the government also plans to adjust its policy of fully guaranteeing bank deposits, by shortening the guarantee term or reducing the guaranty amount.
FSC to halve guarantee span on full deposits in 2010 by The Taiwan Economic News
Byline: Elias Hazou A GOVERNMENT bill guaranteeing bank deposits up to e1/4100,000 is in its final stages and should come before parliament for voting sometime over the next couple of weeks.
Bank deposit guarantee bill ready by Cyprus Mail (Cyprus)
Meanwhile a survey by the Federation of Small Businesses (FSB) found that moves aimed at guaranteeing bank lending and boosting consumer spending were having "no impact.
Deep freeze says CBI by Evening Gazette (Middlesbrough, England)
 
 
 
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