Financial
International Bank Guarantee
Guarantee issued by a bank backing the payment of an international commercial obligation.
Guarantee issued by a bank backing the payment of an international commercial obligation.
A bank guarantee is a commitment where the bank agrees to pay if the principal debtor fails to meet their obligation. Simpler than an L/C, used to back deferred payments.
Standby Letter of Credit
Bank guarantee functioning as payment backup, executable only if the buyer fails to make direct payment.
FinancialCustoms Bond
Financial guarantee ensuring payment of trade duties. May cover temporary imports (IMMEX), transit, bonded warehouse regime, or serve as security in valuation disputes.
TradeInternational Payment Terms
Agreed conditions between buyer and seller regarding when, how, and in which currency payment will be made for a foreign trade transaction.