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.
âWarrantyâ vs. âguaranteeâ. I would say there is a difference: guarantee: a formal assurance that certain conditions will be fulfilled, especially that a product will be of a specified quality warranty: a written guarantee promising to repair or replace an article if necessary within a specified period. ... A warranty is a type of guarantee; in the case of a product guarantee/product warranty, it's basically the same thing - the company undertakes to repair or replace your goods if they go wrong. Guarantee can also be used to express: I promise, this plane will fly. I guarantee you, this plane will fly.