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Indirect bank guarantee

That is issued by a correspondent bank (usually the guarantee beneficiary's bank) upon the counter-guarantee of the guarantee applicant's bank.

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  • Industry/Domain: Law
  • Category: Contracts
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Related terms

indirect bank guarantee
Law; Contracts

That is issued by a correspondent bank (usually the guarantee beneficiary's bank) upon the counter-guarantee of the guarantee applicant's bank.

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Contract, same meaning of agreement, a commercial contract this is a commercial agreement

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A lawful agreement between two or more parties, usually written is called as contract.Contract was made between both parties in written form.

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a document that compulsorily registers individuals and legal entities (companies) engaging in commercial activities

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