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Economical: bank guarantees are quite cost-saving as compared with bank loansSafe: reduction of risks inherent in transaction
A Bank guarantee is given by the bank on behalf of it's customer (applicant) to the beneficiary of the bank, that in case of non happening of the particular event which is being covered by that particular guarantee, the bank ( guarantor) will pay the beneficiary an amount, which is mentioned in the guarantee, provided the beneficiary submit the claim under the guarantee in the agreed format and within agreed time. The claim ( compensation) under the bank guarantee will be financial in nature. A corporate guarantee is a guarantee given by the corporate to cover their own exposure or exposure of some other related entity, to the bank. It will also be financial in nature and banks derive an additional comfort from such guarantees when they do their lending to particular borrower.
advantages & disadvantages of foreign banks in India
i dont know !!!
they are really good
Economical: bank guarantees are quite cost-saving as compared with bank loansSafe: reduction of risks inherent in transaction
what are the disadvantages of bank deposits secrecy
A Bank guarantee is given by the bank on behalf of it's customer (applicant) to the beneficiary of the bank, that in case of non happening of the particular event which is being covered by that particular guarantee, the bank ( guarantor) will pay the beneficiary an amount, which is mentioned in the guarantee, provided the beneficiary submit the claim under the guarantee in the agreed format and within agreed time. The claim ( compensation) under the bank guarantee will be financial in nature. A corporate guarantee is a guarantee given by the corporate to cover their own exposure or exposure of some other related entity, to the bank. It will also be financial in nature and banks derive an additional comfort from such guarantees when they do their lending to particular borrower.
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advantages & disadvantages of foreign banks in India
i dont know !!!
they are really good
you are just idiout....
then advantages is that they simply exploit the third world countries
Advantages and disadvantages of a bank loan are based on comparative sources of finance. What are we comparing the above bank loan to? No loan at all? Equity investment? Factoring of receivables? Is the loan secured or unsecured? The question cannot be answered in a relevant manner without context.
Advanatages: You can borrow large amounts. Disadvantage: You have to pay back with interest.
because I would like to study the deferences function of the banks