--- is a promise by a third party to the lender for the present or future debt of the borrower.
AWarranty
BGuarantee
C(A) only
DNone of the above
No.1 PSC Learning App
★
★
★
★
★
Related Questions:
The most undesirable customer is ---
In the agency function of acting as trustee or executor, the bank is legally required to:
---- is a loan for short term temporary financing for Business firms.
The function of “banker’s lien” allows a commercial bank to:
In a syndicated loan, which bank has the prime responsibility for documentation and coordination?