English translation: open a letter of [bank] guarantee
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jankaisler Local time: 22:07 Specializes in field Native speaker of: Czech PRO pts in category: 51
in one instance I also used "open letter of guarantee". Thanks Maria.
Notes to answerer
Asker: zaruka is "letter of credit"?? But the previous product in the list was "zadávání příkazů k otevření akreditivu", which I translated as "letter of credit". The next product in the list was "zadávání příkazů k otevření záruky"
6 hrs confidence:
Letter of guarantee
Explanation: kde guarantee = zaruka
bankovni zaruka = bank guarantee/ www.kb.cz (Konercni banka cz/en) - " created by written declaration by the bank in a letter of guarantee that it will satisfy the creditor (beneficiary) up to the level of specific financial amount if a third party (the debtor) fails to meet a specific obligation or if other conditions as set out in the letter of guarantee are not met".
Letter of Credit and Letter of Guarantee www.ehow.com
" In a letter of guarantee, the bank doesn't switch the buyer's credit for its own credit. Instead, the bank essentially becoms a consignor for the bueyr ".
akreditiv- letter of credit, bill of credit, credit letter tak je to v slovnikoch ale internet ponuka aj hore uz uvedene.
Hoci bankovnictvo nie je moj "fach" definicia je dostatocne zrozumitelna.