Setup Menus in Admin Panel

Sharing the Knowledge!™

Finance Knowledge and Information

What does payment and performance guarantee mean?

SEARCHING
Suggestion/Report Error
payment and performance guarantee
Noun


A guarantee enabling the lessor to seek payment from the guarantor without having to first exercise any default rights and remedies against the lessee, the leased asset or any collateral.

Synonym(s): 
  • payment and performance guaranty.
top
© 2015-2024 Pecunica LLC.  All rights reserved.
;