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.
What are the differences between warranty and guarantee? A warranty is a promise to replace or repair an item if the item does not satisfy the terms of the warranty. A guarantee is a promise to return the money paid to purchase an iâ¦tem if the item does not satisfy the terms of the guarantee. That is why a wedding photographer can only offer a money back guarantee, and not a warranty. According to the 1985 Moss Magnuson Act, warranty and guarantee are the same thing.