Banker’s Guarantee
- written declaration of the bank in Letter of Guarantee of satisfying creditor up to the amount of certain financial sum in accordance with contents of Letter of Guarantee, if a third person (borrower) fails to meet his obligation or other conditions stated in the Letter of Guarantee are met,
- banker's guarantee - payment, for vadium, discount, for proper execution of contract, retention guarantee, etc.
- validity of banker's guarantees is max. of 4 years
Design and programming:Millennium 000