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payment guarantee
Payment Guarantee
1. Introduction
This Payment Guarantee (the Guarantee) is made and entered into as of [DATE], by and between [GUARANTOR], a company organised and existing under the laws of [COUNTRY] with its principle address at [ADDRESS], represented by its [TITLE] [NAME] (hereinafter referre......
10/07/2023 
1051 
Avery
clean collection
A remittance is an act of sending money, either in person or by electronic means, to someone else. Remittances are a form of international transfer of funds to individuals or companies. They are often sent by migrants to their families in their home countries, as a form of support. Remittance serv......
bare letter of credit
Standby letter of credit
A standby letter of credit (SLC) is a written form of guarantee by a bank to provide payment for goods and services, in the event that the customer fails to meet its obligations. Unlike traditional letters of credit, in which payment is made to a beneficiary upon presenta......
L/C at sight
Irrevocable documentary credit is document, in which the applicants bank / issuing bank is committed to pay a certain amount on the agreed conditions. The document is a binding contract with irrevocable conditions, so it can not be changed without the agreement of all parties involved.
An irrevoc......
demand draft
Different Types of Bankers Acceptance
Bankers acceptance (BA) is one of the many types of money instruments that is commonly used in international finance. A BA is a time draft (a form of negotiable instruments) that is accepted and guaranteed by a bank. There are several types of BA in common us......
Finance Lease Guarantee
Finance Lease Credit Enhancement
Finance lease credit enhancement is a method of monetizing collateral when obtaining financing for a lease agreement. The process involves using financial instruments, such as letters of credit, bonds and guarantees to secure the lease payments and create a more f......
red clause letter of credit
At sight irrevocable documentary credit No.XXX
Issued by XXX Bank DateXXX
Dear beneficiary,
XXX Bank is pleased to issue this documentary credit to you for the specific goods described herein. This is an irrevocable credit, and it may not be modified or cancelled without the consent of all part......
guardianship trust
Introduction
The concept of guardianship trust can be traced back to medieval and early modern England, when wealthy citizens frequently employed guardians to protect their assets and ensure their proper management. In modern times, guardianship trusts are used as a means of providing for the nee......
draft
Drafts
A draft, also known as a bill of exchange, is a promise to pay a certain amount of money in exchange for goods or services. It is a commonly used form of payment and is issued by a company or individual. To pay for goods or services, the drawee must sign the document and send it to the paye......
Sublease
Lease Assignment
Lease assignment is a real estate term referring to the legal process of transferring an existing lease, or rental agreement, from one party to another. Once the property landlord has approved the new tenant, the original tenant is no longer responsible for the future lease payme......
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