guarantee letter in English
letter of collateral, document pledging to pay a debt or perform a duty in case of another's default
Use "guarantee letter" in a sentence
Below are sample sentences containing the word "guarantee letter" from the English Dictionary. We can refer to these sentence patterns for sentences in case of finding sample sentences with the word "guarantee letter", or refer to the context using the word "guarantee letter" in the English Dictionary.
1. However, we will accept adequate security instead of payment, such as a Bank Letter of Guarantee (Letter of Credit).
2. Collateral Account means a segregated account so denominated which is specifically allocated to a Series and pledged to the Custodian as security for, and in consideration of, the Custodian's issuance of (a) any Put Option guarantee letter or similar document described in paragraph 8 of Article V herein, or (b) any receipt described in Article V or VIII herein.