guarantee letter

listen to the pronunciation of guarantee letter
English - Turkish
teminat mektubu

Related Terms

letter of guarantee
teminat mektubu
letter of guarantee
garanti mektubu
bank letter of guarantee
banka teminat mektubu
English - English
A commercial bank's letter assuring payment of the exercise price of a client's put option
Letter issued by a bank guaranteeing aggregate payment if a put option is exercised and an assignment notice is presented to the option writer A guarantee letter covers the put writer thereby making it a covered put
letter of collateral, document pledging to pay a debt or perform a duty in case of another's default
A commercial bank's letter that guaranteeing payment of the exercise price of a client's put option when a notice indicating its exercise is granted to the option seller

Related Terms

letter of guarantee
A letter from a bank to a brokerage firm which states that a customer (who has written a call option) does indeed own the underlying stock and the bank will guarantee delivery if the call is assigned Thus the call can be considered covered Not all brokerage firms accept letters of guarantee Also: letter issued to O C C by member firms covering a guarantee of any trades made by one of its customers, (a trader or broker on the exchange floor)
letter of guarantee
Undertaking, usually on the part of a bank, either to fulfill the obligations of another party (see "ancillary guarantee") or to pay a specified amount of money upon presentation of specified documents stating that the party being guaranteed has defaulted on certain obligations (see "demand guarantee") One must be careful to discern which type of guarantee one is dealing with as they both require presentation of documents but work very differently thereafter
letter of guarantee
An official form from a person (Japanese or non-Japanese) residing legally in Japan, working full time if possible or clearly able to demonstrate sufficient assets to support you in case of need This letter states that they agree to be legally, morally and financially responsible for you while you are in Japan Form in Japanese is here
guarantee letter

    Hyphenation

    guar·an·tee let·ter

    Turkish pronunciation

    gerınti letır

    Pronunciation

    /ˌgerənˈtē ˈletər/ /ˌɡɛrənˈtiː ˈlɛtɜr/

    Etymology

    [ "gar-&n-'tE, "gär- ] (noun.) 1710. probably alteration of 1guaranty.
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