23/01/2019
Bank Guarantees
A promise made by the bank for meeting the liabilities of a debtor when a person fails to fulfill his contractual obligations. There are two types of bank guarantees :-Direct or indirect .
16/01/2019
"A letter of credit is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase"
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28/08/2018
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09/08/2018
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08/08/2018
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29/07/2018
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24/07/2018
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12/06/2018
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25/05/2018
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