(a) Bank Prime Loan Rate, Percent, Not Seasonally Adjusted (MPRIME) Write a custom formula to transform one or more series or combine two or more series. You can begin by adding a series to combine with your existing series. Now create a custom formula to combine or transform the series.
Guarantee is a legal term more comprehensive and of higher import than either warranty or security. It most commonly designates a private transaction by means of which one person, to obtain some trust, confidence or credit for another, engages to be answerable for him.
Bank guarantee means that the bank opens a written certificate to the beneficiary at the consignor's request. As the guarantor, bank has the responsibilities to handle the debt or obligations instead of the consignor. The rights and obligations of both parties would be prescribed by the contract.