answersLogoWhite

0

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

User Avatar

Wiki User

14y ago

What else can I help you with?

Related Questions

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.


Can you use the word guarantee in a sentence?

I can guarantee you that. Indeed you can use guarantee in a sentence.


What is the adverb of guarantee?

guarantee


What is corporate guarantee?

A guarantee provided by a corporation, a legal person, is known is corporate guarantee.


What decorating styles go well with a white bathroom vanity?

We suggest trying to incorporate other white items into the bathroom. Specifically in the counter and using American Standard items. This will guarantee a great looking bathroom.


What is financing guarantee?

financing to guarantee the loan


What is the past tense of guarantee?

The past tense of guarantee is guaranteed.


What is a bill of guarantee?

A bill of guarantee is a joint guaranty that takes on the liability. It is also known as a bill guarantee.


How do you use guaranty in a sentence?

Do you mean "Guarantee" ...?? Guarantee: I guarantee you this Microwave will last approximately 10 years.


What is latin word for guarantee?

Latin words meaning guarantee (as a noun) are:fidessatisdatioWords meaning "I guarantee" are:satisdopraestospondeo


Can you give me a sentence with the word guarantee?

I can guarantee that this will be an epic adventure. Her new tools came with a lifetime guarantee.


What does the fifthteen amendment guarantee?

What does the fifteenth amendment guarantee