Answered
In Loans
What is corporate guarantee?
A guarantee provided by a corporation, a legal person, is known is corporate guarantee.
Results for: Guaranteed
Answered
In Business Law
What is bank guarantee?
Bank guarantee means that the bank opens a written certificate to the beneficiary at the consignor's request. As the guarantor, bank has the responsibilities to handle the deb…t or obligations instead of the consignor. The rights and obligations of both parties would be prescribed by the contract. (MORE)
Answered
What rhymes with guarantee?
By syllables, "absentee" or possibly "parent tea." 3 syllable inexact matches include honoree, jubilee, and bourgeoisie. One syllable rhymes: bee fee gee he key lee me pee sea… see tee wee can not retrieve Mississippi, Chelsea, elementary, dictionary, flee, flea, poppy (MORE)
Answered
What is bank guarantee and types of guarantees?
Tender Guarantee (also called Bid Bond) This is usually issued for an amount equal to between 1 and 2 percent of the contract value. It gives the employer compens…ation for additional costs if the party submitting the tender does not take up the contract and it must be awarded to another party. Performance Guarantee Normally issued for an amount equal to between 5 and 10 percent of the contact value, this guarantee assures payment to the employer in the event that the contractor fails to fulfil contract obligations. Advance Payment Guarantee This enables the employer to get a refund of advance payments made in the event of default by the contractor. It is issued for the full amount of the advance payment, but may contain reduction clauses, which enable a reduction in the maximum amount upon evidence of progressive performance. Retention Money Guarantee Most major projects call for stage payments as work progresses. Often the employer retains a percentage of the payment (retention money), as cover for any hidden defects in the completed work. A retention money guarantee allows for immediate release of retention money to the contractor. The employer can get a refund of retention money released, in the event of default by the contractor. Payment Guarantee This is used as security for payment obligations. It is also referred to as a Standby Letter of Credit. Facility Guarantee This is normally not trade related. Its purpose is to provide security to another bank to advance money to an individual or company. It is often used when a company does not have any credit record and wishes to expand offshore. Maintenance Guarantee This ensures that the contactor does not abandon the contract after completion of the construction phase, but continues to honour any maintenance obligations as per the original agreement. Customs Guarantee Contractors often need to import equipment temporarily to carry out a contract. Import duty would normally be payable, but the customs authorities will grant exemption if the contractor undertakes to re-export the equipment on completion of the contract. The contractor then has to provide the customs authority with this guarantee, which prevents the contractor from selling the goods instead of re-exporting them. Shipping Guarantee This enables the buyer to obtain release of the goods from the carrier, despite the bills of lading being lost or delayed. (MORE)
Answered
In Hotel Chains
What is guaranteed arrival?
Your hotel room is guaranteed to be ready upon your arrival. This is usually a reference for someone that has paid for an early arrival time.
Answered
What is a Counter Guarantee?
A counter guarantee is a guarantee given by the surety to the principle debtor providing him with continuing indemnity against the loss or damage that the surety may suffer on… account of default on the part of the principle debtor (MORE)
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What is personal guarantee?
Have you been reject loan by the Big Banks and other Financial Institutions? Are you in need of finance for Business? Personal? Commercial Projects, Mortgage or Real Estate Fi…nancing? We are a Private Money Lender offering loan to all investors and borrowers Worldwide regardless of location with a good repayment schedule and flexible terms and conditions. - Do not need to leverage any assets to acquire capital - 0% interest rates for the first 6-12 months - Funds can be used same as cash. - Quick approval process - Stated income only. No income verification David Herley David Herley Finance Home Direct: 321-323-1809 Email: loans@dherleyfinancehome.net (MORE)
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What does guaranteed mean?
It means you're sure about something, so sure that you are prepared to pay someone if it is not true. The word guarantee means the same as warranty, your promise of the qualit…y or condition of what you sell, and your promise to make it right if you are wrong. (MORE)
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In Uncategorized
What is a process guarantee?
It is a promise by the person in charge, such as a judge in a legal matter, that the time and manner needed to arrive at the solution or outcome that was agreed upon will happ…en in accordance with the law and with respect for the rights and responsibilities of those involved. (MORE)
Answered
In Uncategorized
What do check guarantee services guarantee?
Trans Union in South Africa offers check guarantee service. This reduces loss due to customers' check payments being dishonored by the bank. Trans Union is the only bank in …Africa to provide 100% guarantee on checks. (MORE)