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Spain Export-Import Bank Newswire

  • Published on Feb 7, 2025

    What Is a Bank Guarantee? How They Work, Types, and Example

    What Is a Bank Guarantee? A bank guarantee is a financial backstop offered by a financial institution promising to cover a financial obligation if one party in a transaction fails to hold up their end of a contract. Generally used outside the United States …

    Source: Investopedia - Label Pending
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