| Title | Bank Guarantees |
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| URL | https://www.bandeniachallengerbank.com/ |
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| Category | Business --> Business Services |
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| Meta Keywords | Standby Letter of Credit Consultant, Standby Letter of Credit, Letter of Credit, Bank Guarantee |
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| Meta Description | A guarantee issued by a bank or a financial institution to pay a beneficiary on a client’s behalf in a situation where the applicant defaults, is known as a standby letter of credit. |
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| Owner | Jitendradave |
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| Description |
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| Guarantees provide comfort to the beneficiary; in case the applicant fails to meet his obligations (either financially or by performance) as per the contract made between the applicant and the beneficiary, the beneficiary will have the guarantee to turn to for payment. |
