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bank's

English translation: Bank Guarantee.

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13:25 May 21, 2005
English to English translations [Non-PRO]
Tech/Engineering - Accounting
English term or phrase: bank's
Some certificate issued by a bank to guarantee that Mr.A will obey the Agreement he made with Mr.B
Mr.A might have to pay the bank for such certificate, I'm not sure.
adda
English translation:Bank Guarantee.
Explanation:
I am not sure whether any payment is required to be made to the bank.

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Note added at 1 hr 34 mins (2005-05-21 14:59:14 GMT)
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A guarantee from a lending institution ensuring that the liabilities of a debtor will be met. In other words, if the debtor fails to settle a debt, the bank will cover it.

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Note added at 1 hr 37 mins (2005-05-21 15:02:18 GMT)
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Bank guarantee letter or the certificate:


the document supplied by an approved bank where the bank certifies that a put writer has the sufficient funds on deposit at the bank to equal the total price of the put if it is exercised.

http://www.speculativebubble.com/terms/bankgl.shtml
Selected response from:

Syeda Tanbira Zaman
Local time: 16:43
Grading comment
Graded automatically based on peer agreement.
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +4Bank Guarantee.
Syeda Tanbira Zaman


Discussion entries: 2





  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +4
Bank Guarantee.


Explanation:
I am not sure whether any payment is required to be made to the bank.

--------------------------------------------------
Note added at 1 hr 34 mins (2005-05-21 14:59:14 GMT)
--------------------------------------------------

A guarantee from a lending institution ensuring that the liabilities of a debtor will be met. In other words, if the debtor fails to settle a debt, the bank will cover it.

--------------------------------------------------
Note added at 1 hr 37 mins (2005-05-21 15:02:18 GMT)
--------------------------------------------------

Bank guarantee letter or the certificate:


the document supplied by an approved bank where the bank certifies that a put writer has the sufficient funds on deposit at the bank to equal the total price of the put if it is exercised.

http://www.speculativebubble.com/terms/bankgl.shtml

Syeda Tanbira Zaman
Local time: 16:43
Native speaker of: Native in BengaliBengali, Native in HindiHindi
Grading comment
Graded automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  jennifer newsome
38 mins
  -> Thanks

agree  jaswinder singh
59 mins
  -> Thanks

agree  Robert Donahue
12 hrs
  -> Thanks

agree  Saleh Chowdhury, Ph.D.
17 hrs
  -> Thanks
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