0
There are several types of letter of guarantee that include:
1. Tender Bond/ Bid Bond
2. Performance Bond
3. Advance Payment Bond
4. Retention Money Bond
5. Maintenance Bond
6. Financial/ Payment Bond
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is the silent letter in guarantee?
The silent letter in guarantee is "u".
What is the difference between letter of credit letter of guarantee?
Both Letter of Credit and Letter of Guarantee are commitment to payment by the issuer of the instrument (generally a Bank). In letter of credit, the issuer has to fulfill his commitment on fulfilling the terms and conditions of the letter of credit by the beneficiary. Whereas, on the other hand, in letter of guarantee the issuer has to make payment, when the beneficiary is unable to fulfill the terms & conditions of the letter of guarantee.
Sample of a guarantee letter for hospital?
yes
How to make a Letter of guarantee from parents?
I, being parent of xxx, guarantee that I will pay any expenses of my son/daughter whatsoever
What is the difference between a Bank guarantee and standby letter of credit?
nothing
What are non-fund based financial services?
Letter of CreditBank Guarantee
What is a 9 letter word with 3 syllables for a strong oath?
guarantee
How do you write request letter to bank for issuing bank guarantee?
dear sir
What are the different types of construction bonds?
Bid bonds will protect the owner of the project if the bid is not honored, performance bonds will guarantee the work will be completed according to the terms, and payment bonds will guarantee all payments that are due from the principal. These are the three types of construction bonds.
What is the difference between a corporate guarantee and letter of comfort?
Corporate Guarantee bind under legal obligation in absense of fullfill the commitment of risk/obligation by subsidary company. A comfort letter is an amorphous obligation and is typically given in a situation where a parent company is unwilling to give a guarantee in respect of a subsidiary's liability.
Whats the formula for Contingent liabilities as a percent of Net Assets?
contingent liability =Bank Guarantee+other bank Guarantee+bill discounting+Letter of credit
What's the difference between a bank guarantee and a letter of credit?
Letter of credit is a financial paper for guaranteed payments, whereas a bank guarantee is a guarantee given by the bank to the beneficiary on account of the applicant, to begin payment if the applicant defaults in payment. If you're looking for one, then Pepagora Trade Finance offers these services
