What is the uses of bank garantee?
AnswerBot
1y
Bank guarantee is a commitment made by a bank to pay a specified amount if the beneficiary fails to meet their obligations.
Used in international trade to ensure payment for goods or services
Used in co...read more
Harish Kumar Chary
2y
The bank guarantee means that the lender will ensure 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. A bank guarantee enable...read more
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