bank guarantee

noun

Definition of bank guarantee

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

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History and Etymology for bank guarantee

bank entry 4

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Cite this Entry

“Bank guarantee.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/bank%20guarantee. Accessed 19 Oct. 2021.

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