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Home > Videos > What is Bank Guarantee? Bank Guarantees Explained in Hindi - Prerna Chatterjee

What is Bank Guarantee? Bank Guarantees Explained in Hindi - Prerna Chatterjee

 
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A bank guarantee is a kind of assurance from a lending establishment. The bank guarantee implies a loaning establishment guarantees that the liabilities of an account holder will be met. As such, if the account holder neglects to settle an obligation, the bank will cover it. A bank empowers the customer, or debtor, to get goods, purchase hardware or draw down a loan.

 

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