Letters of Guarantee Definition

Below please find a definition of “Letters of Guarantee”

Financial Analysis Training & Glossary TermsLetters of Guarantee: Although there are different types of letters of guarantee, in general letters of guarantee are meant for safeguarding buyers to make sure that suppliers meet their obligations. A letter of guarantee is typically issued by a financial institution and serves as a contract between a buyer and a seller. Obligations that are covered by letters of guarantee are generally related to Tender Guarantee, Performance Guarantee, and Advance Payment Guarantee.

Free MP3 Download:  To download our free 35 minute audio interview with expert Richard C. Wilson on how to succeed in the field of finance please click here.

Fast Financial Training: If you want to take your finance or business career to the next level you should explore our financial analysis certification program, or our training programs on financial modeling, investment banking, hedge funds, or private equity. All of these programs are offered on http://BusinessTraining.com

Expand Your Financial Vocabulary: Read more finance terms and definitions

Tags:  Letters of guarantee, Performance guarantee, Advance payment guarantee, Payment guarantee, Letters of guarantee definition, What are letters of guarantee?

About Richard Wilson