GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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09:30 May 5, 2005 |
Croatian to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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| Selected response from: MayaImp Local time: 04:01 | ||||||
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Summary of answers provided | ||||
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5 +6 | guarantee payable on first demand |
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4 | immediate payment |
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guarantee payable on first demand Explanation: Many demand guarantees are payable on first demand without any ... One of the inherent risks of a guarantee payable on demand is that it may be called ... www.sitpro.org.uk/trade/demandguar.pdf A demand guarantee requires payment on the first demand. A conditional guarantee requires payment only upon the fulfilment of certain conditions. http://www.danskebank.com/Link/tfguarantees |
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