specific bank guarantee

specific bank guarantee
An unconditional guarantee from the Export Credits Guarantee Department to a UK bank enabling that bank to finance an exporter's medium-term credit to an export customer without recourse; the arrangement is known as supplier credit in contrast to the buyer credit under which the bank finances the overseas buyer to pay the exporter on cash terms.

Big dictionary of business and management. 2014.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • specific bank guarantee — An unconditional guarantee from the Export Credits Guarantee Department to a UK bank enabling that bank to finance an exporter s medium term credit to an export customer without recourse; the arrangement is known as supplier credit in contrast to …   Accounting dictionary

  • Leased Bank Guarantee — A bank guarantee that is leased to a third party for a specific fee. The issuing bank will conduct due diligence on the creditworthiness of the customer looking to secure a bank guarantee, then lease a guarantee to that customer for a set amount… …   Investment dictionary

  • guarantee — gua·ran·tee /ˌgar ən tē, ˌgär / n [probably alteration of guaranty] 1: guarantor 2: guaranty (1) 3: an assurance that a condition will be fulfilled: as …   Law dictionary

  • guarantee — See guaranty. American Banker Glossary The assumption of responsibility for payment of a debt or performance of some obligation if the liable party fails to perform to expectations. Bloomberg Financial Dictionary Financial security required for… …   Financial and business terms

  • Bank of America Home Loans — Type Subsidiary of Bank of America Founded 1969 (Countrywide), February 2009 (Bank of America Home Loans) Headquarters Calabasas, CA, USA (Countrywide Financial) Cha …   Wikipedia

  • guarantee — guar|an|tee1 W3S2 [ˌgærənˈti:] v [T] ▬▬▬▬▬▬▬ 1 2¦(legally responsible)¦ 3¦(certain)¦ ▬▬▬▬▬▬▬ 1.) a) to promise to do something or to promise that something will happen guarantee (that) ▪ I guarantee you ll love this film. guarantee sb sth …   Dictionary of contemporary English

  • Bank of America — Not to be confused with First Bank of the United States, Second Bank of the United States, or Bank of United States. Bank of America Corporation Type Public Traded as …   Wikipedia

  • bank — bank1 /bangk/, n. 1. a long pile or heap; mass: a bank of earth; a bank of clouds. 2. a slope or acclivity. 3. Physical Geog. the slope immediately bordering a stream course along which the water normally runs. 4. a broad elevation of the sea… …   Universalium

  • Anglo Irish Bank hidden loans controversy — For this controversy in the wider context of the Irish banking crisis, see 2008–2009 Irish banking crisis. The Anglo Irish Bank hidden loans controversy (also known as the circular transactions controversy) began in the Republic of Ireland in… …   Wikipedia

  • Export-Import Bank of the United States — Infobox Government agency agency name = Export Import Bank of the United States seal width = 140px formed = February 2, 1934 headquarters = Washington, D.C. employees = 395 (2006) budget = chief1 name = James H. Lambright chief1 position =… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”