Search results for keyword: guarantors
"Guarantee Law of the People's Republic of China"
The Peoples Republic of Chinas Guarantee Law
The Peoples Republic of Chinas Guarantee Law (hereinafter referred to as the “Guarantee Law”) was adopted on August 31, 2001 by the 5th Session of the Standing Committee of the 10th National Peoples Congress and came into force on October 1 2001. The......
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shared governance
In these years, people have realized the importance of intergovernmental cooperation, and the long-term defect in cross-regional working mechanisms has become an important problem that has to be solved in international governance. Therefore, intergovernmental cooperation is believed to be the only......
guarantee
Introduction
Guarantees refer to the security bonds that induce confidence and trust into a financial agreement or arrangement. A guarantee is assurance by the guarantor (person giving the guarantee) to the beneficiary (person receiving the guarantee) that some obligation will be fulfilled or a c......
letter of guarantee
Guarantee Agreement
This Agreement is entered into on [date] between [name of provider of guarantee], having its registered office at [address] (hereinafter referred to as Guarantor), and [name of beneficiary], having its registered office at [address] (hereinafter referred to as Beneficiary).
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mutual guarantee
Business Partnership
When two or more businesses come together and form a partnership, different advantages for each partner can be achieved. This type of business arrangement has advantages for all the participating partners, as combined resources and collective strengths result in increased pro......
banknotes
Paper Money
Paper money has been around since the Song Dynasty in China, around the 11th century. The usage of paper money has revolutionized the way we use money and to date, it is the most common form of currency. Paper money exists in the form of notes, with different values printed on them an......
United Nations Convention on Independent Guarantees and Standby Letters of Credit
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The United Nations Convention on Independent Guarantees and Stand-by Credits was an international agreement adopted in 1985 by the United Nations Legal Committee (UNCITRAL) with the purpose of providing a legal framework for international contracts involving independent guarantees ......
commercial guarantor
What is a Commercial Guarantor?
A commercial guarantor is an individual or business entity that pledges to pledge a certain amount of money, security, or other collateral for a loan. This means that, if the borrower does not make payments on the loan, the guarantor is responsible for making the p......
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