单词 | leased back guarantee |
释义 | leased back guaranteeDefinition A guarantee by a bank that is then leased back to a third party in return for a fee. Due diligence is conducted by the bank on the creditworthiness of the customer that is seeking the bank guarantee. When approved, the issuing bank will become a backer for the debts that are incurred by the borrower, up to the amount of the guarantee. |
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