banka garantisi

listen to the pronunciation of banka garantisi
Турецкий язык - Английский Язык
bank guarantee
A guarantee that payment of liabilities of the debtor ensuing from purchase and other contracts (e g leasing contracts, loan contracts) and documents In other words, if the debtor fails to settle a debt, the bank will cover it A bank guarantee enables the customer (debtor) to acquire goods, hire equipment or draw down loans, and thereby to expand business activity
An undertaking given by a bank to pay a claim sometime in the future should the Member be found liable and the undertaking is provided by the bank for the Association
Undertaking given by a bank on behalf of a customer to pay the guaranteed party a sum of money if the customer cannot or will not pay This should not be confused with the payment undertaking given under a letter of credit
Unilateral contract in which the bank commits itself to pay a certain sum if a third party fails to perform or if any other form of default occurs
An undertaking by a bank to be answerable for payment of a sum of money in the event of non performance by the party on whose behalf the guarantee is issued
An assurance, obtained from a bank by a foreign purchaser, that the bank will pay an exporter up to a given amount for goods shipped if the foreign purchaser defaults
A guarantee a foreign buyer obtains from a bank that the bank will pay the seller (exporter) up to a certain amount for merchandise shipped if the buyer defaults
A commitment from a band to , backed by his bank, that a carrier will not be held liable for any claims resulting from the release of cargo to said consignee when he is not in possession of original endorsed Bills of Lading and or other specified documents
An assurance, obtained from a bank by a foreign purchaser; that the bank will pay an exporter up to a given amount for goods shipped if the foreign purchaser defaults See Letter of Credit
A bank guarantee is the bank's promise to repay the debt of another person if that person does not pay the debt
collateral provided by a bank
banka garantisi
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