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Meaning of letter of guarantee | Babel Free

Noun CEFR C1

Definitions

A document issued by a bank that ensures a beneficiary is paid if a bank customer defaults on a payment or obligation.

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.

See also

letter of indemnity letter of intent letter of introduction Letter of Jeremiah letter of last resort letter of marque

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