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What does the letter of guarantee mean?
Question 1: What does a letter of guarantee mean? Definition of letter of guarantee (financial concept): Letter of guarantee is a special way of guarantee, which transforms the commercial reputation of both trading parties into bank reputation in business dealings. Letter of guarantee is different from general guarantee contract and standby letter of credit. Therefore, banks should pay more attention to reducing their own risks when issuing letters of guarantee. A bank guarantee refers to a written commitment document issued by a bank at the request of a customer. Once the customer fails to repay the debt or fulfill the agreed obligations according to the contract signed with the beneficiary, the bank will fulfill the guarantee responsibility. It has two characteristics: first, the letter of guarantee is issued according to the commercial contract, but it is not attached to the commercial contract and has independent legal effect. Second, bank credit as a guarantee is easily accepted by both parties to the contract. The legal relationship between the parties is: 1, the creditor-debtor relationship or other rights and obligations relationship between the principal and the beneficiary based on the contract signed by both parties. 2. The legal relationship between the client and the bank is based on the letter of guarantee signed by both parties. 3. The legal relationship between the guarantee bank and the beneficiary is a guarantee relationship based on the letter of guarantee. According to the nature of the guarantee, it can be divided into subordinate guarantee and demand guarantee. The demand guarantee refers to the unconditional payment obligation issued by the bank, which indicates in writing that when the beneficiary submits a claim that meets the terms of the guarantee or other conditions stipulated in the guarantee.

Question 2: What does Ctrip Korea Visa Default Guarantee mean? I'm afraid you will run away. Sign a letter of guarantee. If you really run away, they will charge a deposit.

Question 3: What is a performance bond? The performance bond refers to the bid winner and the contractor after signing the contract. The contractor must provide the successful contractor with a performance guarantee issued by the bank, the amount of which is generally 65,438+00%-65,438+05% of the contract amount, so as to ensure the contractor's performance in accordance with the contract terms. Otherwise, the bank shall be responsible for compensating a certain amount, which shall not exceed the total amount of the performance bond.

Question 4: What does the guarantee information mean? Definition of guarantee

Guarantee refers to the system that the law urges the debtor to perform his debts with the credit or specific property of the debtor or a third party in order to ensure the specific creditor to realize his creditor's rights.

Legal measures taken to ensure the realization of creditor's rights. Judging from the content of China's guarantee law, the guarantee of debt should refer to a method based on certain property of the parties, which can be used to urge the debtor to perform the debt and ensure the realization of the creditor's right. The guarantee in the guarantee law, also known as creditor's right guarantee, debt guarantee and debt guarantee, is an all-encompassing concept with rich connotation and extremely extensive extension. There is no clear definition of this in our legislation.

Be responsible (for sth); Promise, promise to do or promise that there is no problem. It is a promise and a constraint on the behavior of the guarantor and the guaranteed. Guarantee generally occurs in economic activities. If the guarantor fails to fulfill his promise at that time, the guarantor will generally fulfill his promise on his behalf. Generally, there are oral guarantees and written guarantees, but only written guarantees have real legal effect.

In civil law, it refers to the guarantee and mortgage behavior to ensure the realization of creditor's rights. If Party A borrows money from the bank, Party B will provide a guarantee for Party A to fulfill its repayment obligations within the specified time limit. Once Party A fails to fulfill its obligations, Party B will perform it on its behalf. China promulgated the Guarantee Law in 1995, which stipulated related matters. The guarantee in the criminal procedure law is to provide certain guarantee for bail pending trial and medical parole.

In our life, there is another guarantee for a person's character. This assurance is mostly verbal. Its significance only shows that the guarantor has a kind of trust and appreciation for the guarantor, which has little practical significance. Some of them are just a kind of supervision of the guarantor, but this kind of guarantee is still binding on the behavior of both parties. I swear on my honor that this man is absolutely reliable.

There is also a special kind of guarantee, that is, immigration guarantee, which is adopted by most countries at present. Most immigration guarantees have the nature of the above two guarantees.

[Edit this paragraph] Nature of the guarantee

1, equal

The equal status of the parties in the guarantee relationship and the rights and obligations in the guarantee legal relationship are the results of equal consultation between the two parties.

2. Voluntary (optional)

China's contract law has established a guarantee system, but it does not stipulate that the parties must establish a guarantee.

3. Dependency (subsidiary)

Secured debt is subordinate debt, and secured debt is main debt. If the principal debt is invalid or destroyed, the subordinate debt is also invalid or destroyed.

4. Can support

Guarantee the performance of the contract is the most fundamental feature of guarantee.

Step 5 supplement

5. 1 The secured creditor exercises the security right on the premise that the principal debt has expired and the debt has not been fully performed.

5.2 The guarantor has the right to defend the obligee.

Guarantee mode

1. According to the law, there are five ways to guarantee, namely, guarantee, mortgage, pledge, lien and deposit.

2. It should be noted that:

2. 1 When providing guarantee for legal creditor's rights, the parties can only provide the above five guarantees, and cannot create new forms of guarantee.

2.2 The legal effects of the five forms of guarantee have the following differences:

2.2. 1 Guarantee that the right that causes the dispute is creditor's right, and there is no priority right of compensation;

2.2.2 The rights arising from the down payment are also creditor's rights, and there is no priority to be compensated;

2.2.3 Mortgage, lien and pledge are real rights for security, and they have the priority to be compensated for the mortgaged property and the realized price. Types and forms of guarantee contracts

Guarantee contracts include guarantee contracts, mortgage contracts, pledge contracts and deposit contracts. There is no need to sign a contract to exercise the lien. A guarantee contract can be a separate written contract (including letters and faxes with guarantee nature between the parties) or a guarantee clause of the main contract.

[Edit this paragraph] Scope of guarantee

1. Scope of guarantee: principal creditor's rights and interest, liquidated damages, damages and expenses for realizing creditor's rights. If there are other provisions in the guarantee contract, such provisions shall prevail. Where the parties have not agreed on the scope of guarantee or the agreement is unclear, the guarantor shall be liable for all debts.

2. Scope of mortgage guarantee: principal creditor's rights and interest, liquidated damages, damages and expenses for realizing mortgage right. Unless otherwise agreed in the mortgage contract, such agreement shall prevail.

3. Scope of pledge guarantee: principal creditor's rights and interest, liquidated damages, damages, expenses for keeping the pledge and expenses for realizing the pledge right. Unless otherwise agreed in the pledge contract, such agreement shall prevail.

4. Scope of lien guarantee: principal creditor's rights and interest, liquidated damages, damages, lien retention fees and the realization of lien ..... >>

Question 5: What does a letter of guarantee mean? Letter of guarantee (L/G), also known as letter of guarantee, refers to a written credit guarantee certificate issued by a bank, insurance company, guarantee company or individual to a third party at the request of the applicant.

Credit refers to the funds directly provided by commercial banks to customers of non-financial institutions, or the guarantee of compensation and payment liabilities that may occur to customers in related economic activities, including on-balance-sheet businesses such as loans, trade financing, bill financing, financial leasing, overdraft and various advances, as well as bill acceptance, letter of credit opening, letter of guarantee, standby letter of credit, letter of credit confirmation, bond issuance guarantee, loan guarantee, sale of assets with recourse and non-use.

See: baike.baidu/view/95142 #1.

baike.baidu/view/ 188569

Question 6: What is a bid bond? Bid bond refers to the bank bid bond attached when the bidder submits the bid documents to the tenderer. The bank bid bond attached to the winning bidder will take effect immediately after the bid opening. Bid bond refers to a kind of financial guarantee provided by the tenderer to prevent the winning bidder from suffering losses when he does not sign the contract. The beneficiary is the project construction unit, and the bidder needs to go to the bank to handle it, which is attached to the bidding documents.

Question 7: What does the contract guarantee mean? Who can tell me! The contract guarantee is used to ensure the performance of the contract and is handled in the bank. If the general contract guarantee is 6.5438+0 million, you need to deposit about 300,000 yuan in the bank to get it. If your company has a good reputation, you can get a guarantee of 6.5438+0 million yuan. If you violate the contract, the other party can ask the bank to pay directly from your contract guarantee.

Question 8: What does quality assurance mean? 1. It is applicable to the case that the contract execution such as project contracting, supply and installation enters the warranty period or maintenance period, and the owner or buyer requires the contractor and supplier to fulfill the warranty and maintenance obligations as scheduled, which is the guarantee for the normal performance of the contractual obligations; 2. After the project contracting, supply and installation enter the warranty period or maintenance period, the owner and the buyer often require the contractor or supplier to provide a quality guarantee before the expiration of the performance guarantee period, so as to restrain their behavior during the warranty period, so as to avoid that the quality of the project and goods does not meet the contract requirements, and the contractor and supplier are unwilling or unwilling to repair, replace and maintain, resulting in their own losses.

Function of quality assurance letter

Reduce the capital occupation caused by the guarantor paying cash deposit or withholding quality deposit, and speed up the collection of enterprise accounts receivable. Improve the market competitiveness of engineering contractors or suppliers.

Question 9: What does the counter-guarantee letter mean?

A counter-guarantee letter is a legal document.

A common understanding is that the parties lend money to the bank, and another company guarantees the bank for the lender, and the lender makes counter-guarantee for this company. This kind of bill is called a counter-guarantee letter.

Types of counter-guarantee letters

(1) A counter-guarantee letter issued by other banks or non-bank financial institutions or a counter-guarantee letter transferable to a guarantee bank;

(2) A written counter-guarantee letter issued by a large enterprise, a provincial or partial municipal foreign trade company or an industry and trade company;

(3) A written counter-guarantee letter issued by other economic entities with economic repayment ability;

Matters needing attention in counter-guarantee letter

(1) The amount and currency in the counter-guarantee letter should be consistent with the amount and currency of the letter of guarantee issued by the bank to prevent possible exchange rate risks.

(2) Generally, the counter-guarantee issued by the * * * department alone is not accepted.

(3) The validity period of the counter-guarantee letter should be slightly longer than the final validity period of the letter of guarantee issued by the bank, so as to avoid the situation that the beneficiary claims at the end of the validity period stipulated in the bank letter of guarantee and the bank has no time to claim compensation from the counter-guarantor. At the same time, the counter-guarantor shall declare that the counter-guarantee will remain effective until the money advanced by the bank is compensated.

Question 10: What is a bank guarantee and what is its function? Advance payment guarantee refers to a way for banks to provide guarantees for contractors. After the bank issued an advance payment guarantee that met the business requirements, the contractor received the advance payment, but failed to deliver the goods or carry out the construction on time according to the contract terms (you can understand it as a breach of contract). At this time, the owner can provide relevant evidence and file a claim with the bank, and the bank is obliged to pay as needed.

The contractor can open a balance guarantee in the bank by himself, depending on the contractor's credit status in the bank. The proportion of deposits with good credit is relatively low, and the proportion of deposits with bad credit is relatively high, even full deposits. I can issue balance guarantee, bid guarantee, performance guarantee and other bank guarantees without margin, and there is no mortgage pledge. The ratio is very low. I'm interested in private chat.