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06:54 Oct 24, 2001
English to German translations [PRO] Bus/Financial
English term or phrase:L/G Department
one bank guarantee issued by bank X L/G Dept. in favour of credit owners text of which should be acceptable to our L/G Dept.
Explanation: I'm not a 100 % sure about this but it would make sense in the above context, wouldn't it? After all in finance a guarantee can be interpreted as a loan (the bank is 'lending' you its reputation)