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What is the difference between security deposit and performance guarantee?
Wiki User
∙ 11y ago
Security Deposit is the amount kept by the customer towards the guarantee against completion of a contract.;where as performance guarantee is the guarantee given by the contractor towards performance quality of the executed job/supplied product.Thus requirement of security deposit ends with complete execution of the contract whereas Performance guarantee holds till the period of warranty/defectliabilityis over.
Wiki User
∙ 11y ago
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What is the difference between appearance and performance?
"Appearance" is what something looks like; "Performance" is what it does. "This car has the appearance of a gazelle and the performance of a slug."
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What is the difference between performance bond and performance bank guarantee?
The performance bond is what you might get depending on interest rates. The bank guarantee is more secure and will be guaranteed money regardless of what the economy does.
What is the difference between warrenty and guarantee?
What is the difference between warrenty and guarantee? In: http://wiki.answers.com/Q/FAQ/4423[Edit categories]
What is the difference between a bond and a security?
A bond in this context is issued by a surety company and is a form of guarantee. Security can take the form of a cash deposit, an Irrevocable Letter of Credit or a surety bond.
What is the difference between performance guarantee and financial guarantee?
Performance gtee is basically guarantee a performance of your client, the employer if not satified with the performance of you client as per the agreement signed with them the employer could claim the money guaranteed from the bank. The financial gtee is basically when the bank guarantees a purchase done by its client from any of its suppliers... if the banks cusotmer does not make a payment after the purchase is done within a stipulated time frame stated in the agreement the bank is bound to pay.
What is the difference between Bank guarantee and Counter guarantee?
A bank guarantee is a guarantee issued by the bank to the beneficiary that the bank will make payment in case the bank's customer does not make payment to the beneficiary or in case of non-performance of an obligation or contract. A counter guarantee is a guarantee taken by the bank from the bank's customer which ensures that the bank's customer is liable for any expenses including costs of attorney, any interest on delayed payment, taxes and other levies in case of invocation of the bank guarantee. It is a sort of security for the bank. It is always a good practice for a bank to take counter guarantee from its customer.
Difference between guarantee and warranty?
guarantee means that the seller will completely replace the product or item while warranty means that the seller will repair the product or item. SHAHZAIB SHEHZAD
What is the difference between a term security and a demand security?
distinguish between a term security and a demand security
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there is no difference between high pressure and performance chromatography
What is the difference between the un general assembly and the un security council?
difference between general assembly and security council
What is the difference between a Bank guarantee and standby letter of credit?
nothing
What is defference between performance bank guarantee and retention bond?
A retention bond refers to a percent of contract value retained until work is finished. The performance bank guarantee is used to secure completion of conditions in the contract.
What is the difference between display and performance?
display is something you see, however, performance is something you do.
