May 14, 2025
What is Lease Bank Guarantee?
What is Lease Bank Guarantee? A Lease Bank Guarantee (LBG) is a type of financial instrument issued by a bank on behalf of a client (the lessee), typically to provide assurance to a third party (usually the lessor or a beneficiary) that the lessee will fulfill their contractual obligations—most often in a lease agreement or other commercial contract. […]
April 23, 2025
What is Bank Guarantee?
A bank guarantee is a financial assurance from a bank that guarantees payment of a debt or the fulfillment of a contractual obligation if the borrower defaults. It’s like a promise from the bank to cover a debt or performance if the party it guarantees can’t. The bank acts as the guarantor, promising to cover […]