Home > Term: आरक्षी ऋण पत्र
आरक्षी ऋण पत्र
A common form of bank guarantee in the USA and Asia. May be used for all types of guarantee, in particular as a payment guarantee. It also serves as security for the event a third party fails to meet a promised obligation.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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- mitraashutosh
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