Bank Guarantee Wiki

In English writings, traditionally the term “guarantee” denotes an accessory (secondary) or “conditional” type of obligation. The essence of the instrument is the promise to answer for the duty of another should the other default. Thus if it later appears that the contract between the principal and the beneficiary was void, the guarantor may raise this defence to avoid paying the beneficiary.

Some Related Management Articles

  • Bank Guarantee Resolution Depending on the customer's needs and terms and conditions of the contract, the bank can issue also other types of guarantees. For instance, for the customers using this product on a regular basis,...
  • Bank Guarantee Release Letter direct bank guarantee Bank Guarantee Release Letter first of these is a Direct Bank Guarantee. A direct bank guarantee is a guarantee which will result in payment directly to the beneficiary. The second type of bank gua...
  • Business Cycle Questions Question: Give me questions of the Business Cycle. If there is any website from where I can get the questions, please give me the website? Answer: As you asked for the Business Cycle Questio...
  • Vinayaka Missions Question : Can you give me the BA English program of the Vinayaka Missions University…??? Answer Here is the BA English program syllabus of the Vinayaka Missions University: AN INTRODUCT...
  • Bank Guarantee Definition Question: Please tell me the Bank Guarantee Definition… Answer: Here is the Bank Guarantee Definition: “A promise made by a bank to give payment to another bank or lender on a bond, loan, o...
  • TATA Institute of Cancer Research Navi Mumbai I am looking for the detail of the facility and contact address of the TATA Institute of Cancer Research in Navi, Mumbai so please get me with it?   Ans:-   As per the request...
  • Bank Guarantee Terms Question: Let me know Bank Guarantee Terms? Answer:\ You want to know terms and conditions for Bank Guarantee so I have a pdf file in which Bank Guarantee Format and Term & Conditions is given...
  • Bank Guarantee Conditional Question: Please tell me detailed information about the Bank Guarantee Conditions… Answer: As per your requirement here I am attaching a document file having the Bank Guarantee Conditions. Thi...
  • Bank Guarantee Letter A Bank Guarantee letter is a written promise issued by the Bank to compensate (pay a sum of money) to the beneficiary (third party, local or foreign) in the event that the obligor (customer) fails ...
  • Bank Guarantee Details The guarantee was provided at a charge to the institutions concerned and will be subject to specific terms and conditions so that the taxpayers' interest can be protected. The guarantee covers all ...

1 Response to “Bank Guarantee Wiki”

  1. Bobby

    What is Accessory mean in Bank Guarantee? Please provide me more detail and example.

Write your Question / Feedback in as much Details as possible