bank guarantee

Definition of "bank guarantee"
  1. A pledge from a bank to cover a lost or missing original negotiable bill of lading
How to use "bank guarantee" in a sentence
  1. The shipping company accepted a bank guarantee as the original bill of lading was lost.
  2. When the original documents went missing, he got a bank guarantee from his financial institution.
  3. The transaction was secured with a bank guarantee due to the misplaced negotiable bill of lading.

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