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What is whole turnover guarantee?
A whole turnover guarantee is an insurance policy that protects the complete sales ledger of a business. It protects against non-payment through default.
Does academic excellence guarantee success in life?
No, but drive and ambition do.
How many people are needed to guarantee that at least two were born on the same day of the week and in the same months perhaps in different years?
To absolutely guarantee that at least two people were born on the same date you would need 367 people. However with 29 people the odds would be approaching unity but it does not guarantee this will be the case.
What are the two dimensions of corporate financial planning?
money and cost
What is a 9 letter word with 3 syllables for a strong oath?
guarantee
What is guarantees?
A guarantee provided by a corporation, a legal person, is known is corporate guarantee.
What is the definition of corporate guarantee?
A Corporate Guarantee is a guarantee in which a corporation agrees to be held responsible for completing the duties and obligations of a debtor to a lender, in the event that the debtor fails to fulfill the terms of the corporate guarantee.It is also known as debtor-lender contract.by shylendri
What is the importance of providing a corporate guarantee with your products?
The customer will feel more obligated to buy the product if it is backed by a corporate guarantee. The guarantee will ensure trust in the customer and will make him more likely to buy your products.
What is the difference between a corporate guarantee and a bank guarantee?
A Bank guarantee is given by the bank on behalf of it's customer (applicant) to the beneficiary of the bank, that in case of non happening of the particular event which is being covered by that particular guarantee, the bank ( guarantor) will pay the beneficiary an amount, which is mentioned in the guarantee, provided the beneficiary submit the claim under the guarantee in the agreed format and within agreed time. The claim ( compensation) under the bank guarantee will be financial in nature. A corporate guarantee is a guarantee given by the corporate to cover their own exposure or exposure of some other related entity, to the bank. It will also be financial in nature and banks derive an additional comfort from such guarantees when they do their lending to particular borrower.
Can a director give a personal guarantee for a loan?
He can but should not. A personal guarantee defeats any corporate shield against seizure of personal assets.
What is the difference between a corporate guarantee and letter of comfort?
Corporate Guarantee bind under legal obligation in absense of fullfill the commitment of risk/obligation by subsidary company. A comfort letter is an amorphous obligation and is typically given in a situation where a parent company is unwilling to give a guarantee in respect of a subsidiary's liability.
Under what circumstances a court may hold shareholders liable for debt of a corporation?
When they personally guarantee corporate obligations or the corporate veil is pierced as a result of the shareholders failing to recognize corporate formalities and treat corporate assets as their own.
What is without surety?
Surety is a form of guarantee and "without surety" would imply that there is no guarantee in the case of some event occurs. An example would be where a county probate office accepts a bond of a notary public for filing and there is no "corporate" surety or no individaul to guarantee losses caused by acts of the notary that are contrary to law.
What is Cross Corporate Guarantee?
A situation where a creditor requests corporate guarantees of two or more specific corporations on behalf of each other. This is generally used in the case of a parent-subsidiary customer relationship or in the case of multiple related corporations where the credit of one at any time may be marginal and can be strengthened by the credit of the other participating corporations.
Why are corporate companies corporate?
corporate
If you file Bankruptcy on your business can they take your personal assets?
Only if then can show that you committed fraud, by piercing the corporate veil (i.e. using the business as your personal property), or if you gave a personal guarantee for business loans/debts.
Can you use the word guarantee in a sentence?
I can guarantee you that. Indeed you can use guarantee in a sentence.
