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Từ vựng:

bank guaranty

Giải nghĩa:

/bæŋk ˈɡærənti/ – Phrase


Definition: sự bảo đảm của ngân hàng.

A more thorough explanation: A bank guaranty is a legal commitment made by a bank to assume responsibility for the payment of a debt or the performance of an obligation on behalf of a customer if the customer fails to fulfill their contractual obligations. It is a form of financial guarantee provided by a bank to ensure that a third party will receive payment or performance as agreed in a contract.

Example: The bank required a guaranty from the borrower to secure the loan.