Letter Of Guarantee

Letter Of Guarantee
- Contract issued by a bank for a customer who formally agrees to purchase goods from a supplier with a promise to fulfill financial obligations in case of default.
- Document issued by bank for a call writer confirming that writer owns the underlying asset and can deliver them if the call is exercised.

Related posts:

  1. Covered Call
  2. Option Seller
  3. Maturity Guarantee
  4. Assignment
  5. Letter of Credit (L/C)

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