bank guarantee

noun

: a statement issued by an importer's bank guaranteeing the payment of drafts to the exporter

Word History

Etymology

bank entry 4

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Dictionary Entries Near bank guarantee

Cite this Entry

“Bank guarantee.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/bank%20guarantee. Accessed 16 Jun. 2024.

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