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What is the meaning of BG?
BG means the Bank Guarantee
Can a bank give bank guarantee to another bank?
A Bank-guarantee is a Banking Instrument through which a Bank indemnifies the client against any default committed by the supplier against a contract. A bank can give BG to another bank on behalf of a client of the beneficiary bank. Secondly, a Bank can give BG to a beneficiary on behalf of another Bank. For example, suppose a client in USA does not accept a BG from an Indian Bank. What will the Indian supplier do then if he doesnt have an account in a reputed foreign bank. In such a case, the client will approach an Indian Bank for the BG. The Indian Bank will then approach a reputed foreign bank for the counter BG. The foreign Bank will issue a BG in favour of the client on behalf of the Indian Bank. Alternatively, the foreign bank, instead of issuing a BG, can stand guarantee to the BG issued by the Indian Bank to the client in USA.
When was .bg created?
.bg was created in 1995.
When was BG Göttingen created?
BG Göttingen was created in 1974.
When was BG Capital created?
BG Capital was created in 2000.
When was BG Group created?
BG Group was created in 1997.
When was Networx-BG created?
Networx-BG was created in 2000.
When was BG Rock - album - created?
BG Rock - album - was created in 1987.
When was Miss BG created?
Miss BG was created on 2005-09-06.
When was BG Group Place created?
BG Group Place was created in 2010.
When was BG in Hi-fi created?
BG in Hi-fi was created in 1989.
What does BG mean on your mini-statement?
BG have many references, however most common reference is "Bank Guarantee".
