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The basic income guarantee (BIG) is a government insured guarantee that no citizen's income will fall below some minimal level for any reason. All citizens would receive a BIG without means test or work requirement.
There are in general two types of Bank Guarantee: 1  Direct bank guarantee is a guarantee which is issued by the bank of the account holder directly in favour of the Beneficiary. 2  Indirect guarantee is a guarantee which is issued by a second bank in return for a counter-guarantee.