Bank Guarantee loan

20210827094705 (1).webp
26Aug, 22

Bank Guarantee V/S Letter of Credit! Differences you should Know

A bank guarantee and a letter of credit are both financial institution guarantees that a borrower will be able to repay a loan to another party, regar...

28Mar, 22

How to Get CIF Number in UAE

In banking and financial services in the United Arab Emirates (UAE), the term "CIF number" holds significant importance. It's an acronym for Customer ...

13Mar, 22

Legal Consequence of Issuing Guarantee Cheques in UAE

In the dynamic business landscape of the United Arab Emirates (UAE), financial transactions often require guarantees to secure payments and contractua...

10Mar, 22

What is a Bank Guarantee? What types of Guarantees Exist Today?

A guarantee is something given as security. A bank guarantee is when a bank provides surety and guarantees for various business obligations on behalf ...

04Mar, 22

Things to Know About Bank Guarantee In UAE

It is a comfort offered by the issuing bank to the beneficiary in whose favour the guarantee is issued to cover damages if the principal debtor fails ...

21Feb, 22

Issues Relating to the Bank Guarantee in the UAE

Due to its commercial nature, the bank guarantee in the UAE is governed by Civil Transaction Law No 5 of 1985, regardless of the capacity of the party...