What is Trade and how many types of Bank Gurantee exist?

Question

Accepted Answer

Trade refers to the exchange of goods and services between two or more parties. There are several types of bank guarantees.

Bank guarantees are a type of financial instrument used to secure a transaction between two parties.
There are several types of bank guarantees, including performance guarantees, payment guarantees, bid bonds, and advance payment guarantees.
Performance guarantees ensure that a contractor will complete a project according to the terms of the contract.
Payment guarantees ensure that a buyer will pay a seller for goods or services rendered.
Bid bonds are used in the bidding process for construction projects to ensure that the winning bidder will enter into a contract and provide the required performance bond.
Advance payment guarantees ensure that a buyer will receive a refund if a seller fails to deliver goods or services as agreed upon.

Accepted Answer

Performance Guarantee, and a Financial Guarantee. Performance

Accepted Answer

specific guarantee and ongoing guarantee. A specific or simple guarantee is one that is made in respect of a single debt or unique transaction and is set to expire when the guaranteed debt is paid or the promise is fulfilled.

Accepted Answer

A selling or buying of product or service to people pr countries and 3 types of gurentee in bank .

Accepted Answer

Different types of guarantees include a performance bond guarantee, an advance payment guarantee, a warrantee bond guarantee, and a rental guarantee.

What is Trade and how many types of Bank Gurantee exist?

Top Yes Bank Assistant Manager interview questions & answers

Popular interview questions of Assistant Manager

Top HR questions asked in Yes Bank Assistant Manager