Guarantee business

The commercial (on a commercial scale) assumption of sureties, guarantees and other warranties for third parties. In Germany, such activities require a license and are subject to supervision by the supervisory authority. – See off-balance sheet business, guarantee, credit enhancement, irrevocable credit commitment, letter of comfort.

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/