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The term BG stands for Bank Gaurantee. It guaranteed a sum of money to the beneficiary in the case of transaction doesn't go as planned. Unlike LC, that is an obligation taken by a bank ensuring payments once some agreed-upon criteria are met, BG is only paid to one the parties of the contract if one can not fullfill the obligations of the contract.

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11y ago
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15y ago

Perhaps you mean PG, a common shortening of "pregnant."

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15y ago

In some contexts, "bg" means "background." For example, "bgcolor" in HTML means "background color"

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13y ago

it stand forbaby gangster

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Q: What does 2 BG mean?
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