BANKING,FINANCEanagreementmade by abankor otherfinancialorganizationtopayadebtif thepersonorcompanywhoowesthemoneycannotpay:Abankguaranteegives youextraauthoritywhendealingwithsuppliers, and mayallowyou toavoidhaving topayasubstantialdeposit.(Definition ofbank guaranteefrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofbank guarantee
bank guaranteeThe customer's account stated here is that of their son who brought thebankguaranteedocuments to his parents.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The overseas banks usually lend the importer (buyer) based on the letter of comfort (abankguarantee) issued by the importer's bank.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.To secure abankguaranteefor the first loan, life insurance was taken out on the three founders, with the beneficiary going to the bank.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.In his first public comments since leaving office, he defended his government's blanketbankguarantee in 2008, but admitted that his government should have increased taxes and cut spending.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Two legal provisions limit that risk: firstly abankguarantee, and secondly, a partially delayed payment (that is, after two years of satisfactory operation).FromEuroparl Parallel Corpus - EnglishTherefore it has proposed to balance that loss by increasing thebankguaranteeto 40% of the premium.FromEuroparl Parallel Corpus - EnglishA 100%bankguaranteeand stricter plant licensing in the oil exploration and extraction sector are also essential.FromEuroparl Parallel Corpus - EnglishIs he talking about the $15 millionbankguaranteeon which the business started, or is he referring to a much larger figure?From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0How many of those about whom there has been a great deal of talk have put their houses up on abankguarantee?From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0The security can take the form of abankguarantee, a bond or indeed a cash deposit.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/bank-guarantee##
