Monetary Policy Report Press Release: December 2017 BOX Monetary Policy Report Implications of the electronics technology life-cycle and the rise of the Internet of Things for Asiaâs exports Developments in the unrated bond market and implications for financial stability
What is the difference between a surety bond and a bank guarantee? Surety bonds are typically conditional whereas bank guarantees are on demand. Only the performance risk lies with the surety, where the bank has the financial risk on the construction project.
The difference between guaranty and guarantee is in the context in which we use the words. We all know, or at least seem to think, that we know all about guarantee. When we buy a product from the market, we all anticipate good quality and expect it to perform at its best for some time to come.