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Bank Guarantee শব্দের বাংলা অর্থ: ব্যাংক গ্যারান্টি
Bank Guarantee Meaning In Bengali ব্যাংক গ্যারান্টি
Bank Guarantee
ব্যাঙ্ক জামিন,
Definition
1) A bank guarantee is a promise from a bank that ensures a particular debtor's obligations will be met if the debtor fails to fulfill them.
2) A bank guarantee can also refer to a letter of credit or surety bond issued by a bank on behalf of a customer that guarantees payment to a third party in the event the customer defaults on an agreement.
3) In international trade, a bank guarantee is often used as a method of securing payments between buyer and seller and can help reassure parties involved in a transaction that the financial obligations will be met.
Examples
Bank Guarantee Example in a sentence
1) The contractor submitted a bank guarantee as assurance to the client that the project would be completed on time.
2) The landlord required a bank guarantee from the tenant as security for any damages caused to the rental property.
3) Before lending the loan, the bank asked the borrower to provide a bank guarantee.
4) The supplier offered a bank guarantee to the buyer to ensure timely payment for the goods delivered.
5) The customer demanded a bank guarantee from the seller to protect against any potential financial loss.
6) The international trade agreement required a bank guarantee to be issued as part of the transaction.
7) The government contract stipulated the need for a bank guarantee before awarding the project to the construction company.
8) The bank issued a bank guarantee to the customer to facilitate a smoother import-export transaction.
9) The business partner agreed to provide a bank guarantee as collateral for the joint venture.
10) The company's expansion plans were made possible with the help of a bank guarantee.
Part of Speech
Bank Guarantee (Noun)
Synonyms
Bank Guarantee - (SYNONYM) ব্যাঙ্ক জামিন
Encyclopedia
A bank guarantee is a promise from a bank that ensures a particular debtor's obligations will be met if the debtor fails to fulfill them.
A bank guarantee can also refer to a letter of credit or surety bond issued by a bank on behalf of a customer that guarantees payment to a third party in the event the customer defaults on an agreement.
In international trade, a bank guarantee is often used as a method of securing payments between buyer and seller and can help reassure parties involved in a transaction that the financial obligations will be met.
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