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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.
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.