What is the difference between a corporate guarantee and a bank guarantee?
Answers
Answered by
3
Corporation - Corporate Guarantee. ...Corporate Guarantor: This guarantee is used when a corporation agrees to be held responsible for completing the duties and obligations of a debtor to a lender, in the event that the debtor fails to fulfill the terms of the debtor-lender contract.
A Bank guarantee is a promise from a bankthat the liabilities of a debtor will be met in the event that you fail to fulfill your contractual obligations. ICICI Bank's Bank Guarantees. Honour payment to your beneficiaries upon receipt of a claim.
A Bank guarantee is a promise from a bankthat the liabilities of a debtor will be met in the event that you fail to fulfill your contractual obligations. ICICI Bank's Bank Guarantees. Honour payment to your beneficiaries upon receipt of a claim.
Similar questions