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Q: What is deferred payment bank guarantee?
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What is the difference between Bank guarantee and Counter guarantee?

A bank guarantee is a guarantee issued by the bank to the beneficiary that the bank will make payment in case the bank's customer does not make payment to the beneficiary or in case of non-performance of an obligation or contract. A counter guarantee is a guarantee taken by the bank from the bank's customer which ensures that the bank's customer is liable for any expenses including costs of attorney, any interest on delayed payment, taxes and other levies in case of invocation of the bank guarantee. It is a sort of security for the bank. It is always a good practice for a bank to take counter guarantee from its customer.


When was Payment Deferred created?

Payment Deferred was created in 1926.


What is mt 130 bank guarantee?

what is payment mt 130


What is the duration of Payment Deferred film?

The duration of Payment Deferred - film - is -4860.0 seconds.


What is the type of check that has a bank's guarantee payment?

Banking check obviously


Deferred payment and interest?

Is deferred interest deductable


When have the bank to pay a guarantee?

depends on the wording, usually there has to be a message sent to the bank that the guarantee case is active and payment is demanded. There are so many different bank guarantees (rent payment, court case payment, bail, loan repayment, damages, contract, performance, clean straight payment....) that only a very general answer can be given here


What's the difference between a bank guarantee and a letter of credit?

Letter of credit is a financial paper for guaranteed payments, whereas a bank guarantee is a guarantee given by the bank to the beneficiary on account of the applicant, to begin payment if the applicant defaults in payment. If you're looking for one, then Pepagora Trade Finance offers these services


What is avalised draft?

An aval is the signature on the bill of exchange of a company (or bank) which is prepared to back it or guarantee its payment.


What is deferred payment price?

A deferred payment price may be different from a price of cash and carry. To pay later is to defer and is usually more expensive.


What are the differences between hire purchase transaction and deferred payment?

give three similarities and three difference between hire purchases and deferred payment


What is a Arrangement for deferred payment for goods and services?

credit