Guarantees of protection against bankruptcy for companies and banks. ?

Naseer Sabbar Lafta Al-Jubouri @Naseer-Lafta-Al-Jubouri

05 February 2024 1 5K Report

Legal guarantees and illegal guarantees.

A bank guarantee is a financial backstop offered by a financial institution promising to cover a financial obligation if one party in a transaction fails to hold up their end of a contract.

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