Definitions for "Bank Guarantee"
A document issued by a bank acting as a guarantor for their customer. The bank's guarantee is accepted because of their status and creditworthiness compared to that of their customer. Often used in conjunction with major projects, in the form of Bid Bonds, Performance Bonds and Warranty Bonds, commonly for 10% of the contract value, all of which provide the buyer with a measure of comfort should the seller not fulfil his obligations at various stages of the contract.
Guarantee issued by a bank to a carrier to be used in lieu of lost or misplaced original negotiable bill of lading.
Where a bank guarantees the repayment of a loan or other investments. Since this is in effect asking a bank to ‘co-sign’ a loan or an investment a bank guarantee is rarely, if ever, seen, especially in the United States where banking regulators frown on it.
an instrument for securing payment of contractual obligations, which an exporter may require from the buyer and which is issued by a foreign bank to the benefit of a Slovenian exporter
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 commitment made by a bank to a foreign buyer that the bank will pay an exporter for goods shipped if the buyer defaults.
a bank debenture instrument (or Certificate of Deposit), usually issued by a Top Money Center Bank
a commercial instrument in the nature of a bi-partite contract, intended to secure compliance with the contract
Keywords:  bond, performance
a performance bond