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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.
Bank Guarantee Video. Bank Guarantee (MT- 760) is an irrevocable commitment issued by a bank on behalf of their customer who has entered in a contract to purchase goods from a supplier and promised to meet all financial obligations to the supplier in the event of default.n other words, a Bank Guarantee is an undertaking of a bank on behalf of its customer. A Bank Guarantee often helps firms conduct their business with parties they would never normally get the chance to deal with.