Bank guarantee letter - the document supplied by an approved bank where the bank certifies that a put writer has the sufficient funds on deposit at the bank to equal the total price of the put if it is exercised.
Bank guarantee letter - some related terms:
R.A. Guide
2008-01-17 04:44:40
Large residential rental real estate for $540M. Have a financial institution to fund deal, but need a bank guarantee or letter of credit to secure loan. Properties are 98% rented. If you can facilitate, please contact me by email at guideberg@bellsouth.net or telephone 561-687-4647.
