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guarantee letter

См. также в других словарях:

  • guarantee letter — letter of collateral, document pledging to pay a debt or perform a duty in case of another s default …   English contemporary dictionary

  • guarantee letter — A commercial bank s letter assuring payment of the exercise price of a client s put option. Bloomberg Financial Dictionary …   Financial and business terms

  • letter of credit — letter of credit: a document issued to a beneficiary at the request of the issuer s customer in which the issuer (as a bank) promises to honor a demand for payment by the beneficiary in order to satisfy or secure the customer s debt compare… …   Law dictionary

  • letter of comfort — ˌletter of comˈfort noun letters of comfort PLURALFORM [countable] FINANCE a letter from a company to a bank in support of a subsidiary of the company that is asking for a loan; = COMFORT LETTER: • The bank may be content to be given a letter of… …   Financial and business terms

  • put guarantee letter — A bank s letter certifying that the person writing a put option has sufficient funds in an account to cover the exercise price if required. Bloomberg Financial Dictionary …   Financial and business terms

  • Guarantee Security Life Insurance Company — Guarantee Security Life Insurance Company, or GSLIC, represented one of the most severe cases of insurance fraud in Florida history. According to the Florida Insurance Commissioner:: [GSLIC] was, almost from the beginning, a massive fraud, aided… …   Wikipedia

  • letter — let‧ter [ˈletə ǁ ər] noun [countable] 1. a written or printed message that is usually put in an envelope and sent by mail: • Please sign the letter and mail it back within two weeks. alloˈcation ˌletter also alˈlotment ˌletter FINANCE a letter… …   Financial and business terms

  • Letter Of Guarantee — 1. A type of contract issued by a bank on behalf of a customer who has entered a contract to purchase goods from a supplier and promises to meet any financial obligations to the supplier in the event of default. 2. A document issued by a bank on… …   Investment dictionary

  • letter of guarantee — A letter from a bank to a brokerage firm which states that a customer (who has written a call option) does indeed own the underlying stock and the bank will guarantee delivery if the call is assigned. Thus the call can be considered covered. Not… …   Financial and business terms

  • Letter of credit — After a contract is concluded between buyer and seller, buyer s bank supplies a letter of credit to seller …   Wikipedia

  • letter of credit — An obligation issued by a bank on behalf of a bank customer to a third party. There are many different kinds of letters of credit. The two most common are commercial letters and standby letters. A commercial or trade letter of credit is a bank… …   Financial and business terms

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