Basing on the credibility of the individual or organization, Banker assures (assurance is no guarentee as per Law ?) and counter signs on their behalf as a second signatory. This is indemnity bond.
Banker takes margin money and basing on the limits available to the industry, banker issues bank guarentee. In this case, Banker is the first signatory which is more stronger in terms of payment to the concerned.
Any comments Please!....chandiprasad
What is the difference between bank loan and bank credit?
difference between non bank and commercial bank?
Bank = nounBanking = Verb
no difference, they are one and the same
the government bank is run by the state government and the nationalised bank is run by the federal government
What is the difference between bank loan and bank credit?
As a result of Bob's indemnity to the bank, he was left with only six dollars.
difference between modern and traditional banking is
The company paid an indemnity to the city for the street damage done by its trucks. The indemnity policy protected the bank's directors from any personal liability.
difference between non bank and commercial bank?
Bank = nounBanking = Verb
no difference, they are one and the same
no difference, they are one and the same
release funds from a deseased account
comparision of p.b and p.b
State bank is a nationalized bank whereas ICICI is a private bank.
Nothing, different names for the same bank.