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A Bank Guarantee, called "银行担保" in Chinese, is a monetary instrument given by a financial institution to assure one celebration that it will certainly satisfy its monetary obligations to one more party. This sort of warranty secures the recipient (beneficiary) from losses should the bank's customer (applicant) stop working to accomplish a contract or repayment commitment. Bank guarantees play a critical role in service, particularly in markets where deals involve long-lasting dedications or huge amounts. What is a Bank Guarantee? A financial i
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