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.
In a case of motorcycle purchase, there is the guarantee from the manufacturer and the seller has to provide the warranty on the vehicle from his part. The main difference between guarantee and warranty lies in the dissimilarity of expectations in both the cases.