A Bank Guarantee is an undertaking by a bank to compensate the beneficiary if the applicant fails to meet contractual or payment obligations. It serves as a financial assurance and helps strengthen business credibility.
What is a Bank Guarantee (BG)?
A Bank Guarantee is an undertaking by a bank to compensate the beneficiary if the applicant fails to meet contractual or payment obligations. It serves as a financial assurance and helps strengthen business credibility.