Tag: Bank Guarantee

How Different Is Bank Guarantee from Letter Of Credit

How Different Is Bank Guarantee from Letter Of Credit

| September 19, 2012

Anyone who is not so much familiar with the various terminologies used in banks might think that the bank guarantee is same as the Letter of credit. However as far as the bank is concerned, they treat these two terms differently. Many a times even in banks, there will be a certain amount of confusion […]

Continue Reading