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In the United States and Canada, a medallion signature guarantee is a special signature guarantee for the transfer of securities. It is a guarantee by the transferring financial institution that the signature is genuine and the financial institution accepts liability for any forgery. Signature guarantees protect shareholders by preventing unauthorized transfers and possible investor losses.
A bank guarantee is a guarantee issued by the bank to the beneficiary that the bank will make payment in case the bank's customer does not make payment to the beneficiary or i â¦ n case of non-performance of an obligation or contract. guarantee is a promise to return the money paid to purchase an i â¦ 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.