How do you write a letter of guarantee?

Answer

A letter of guarantee is a promise to meet a financial obligation. The bank that you are working with will write a letter of guarantee to the company from which a purchase will be made. It should explain that the money will be there, and the company will be guaranteed payment for the product or service that they will be supplying to you. It is helpful for small businesses who wish to expand their business and work with larger suppliers.
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