Mastery card
I can explain Bank Guarantee (BG)
Your bank promises to pay someone if you fail to keep a contract.
A bank guarantee is a written bank undertaking to pay a beneficiary a stated amount if the applicant defaults on an obligation.
Sticky trick
BG = bank's word as security; you still owe the bank if they pay out.
Take into the room
In plain English, what is Bank Guarantee (BG)?
Or open the share card 🛡️
Or start your own 5-word trail from home.