Demand guarantee

（重定向自Standby letter of credit）

A demand guarantee is a guarantee that the guarantor must honour upon the beneficiary's demand. The beneficiary is not required to first make a claim or take any action against the obligor of the guaranteed obligation that the guarantee supports. A demand guarantee is enforceable notwithstanding any deficiencies in the enforceability of the underlying obligation.

单词	Standby letter of credit
释义	Standby letter of credit 原声例句外贸英语话题王 We can provide you with standby letter of credit established by Bank of China. 我们提供由中国银行开立的备用信用证。英语百科 Demand guarantee （重定向自Standby letter of credit） A demand guarantee is a guarantee that the guarantor must honour upon the beneficiary's demand. The beneficiary is not required to first make a claim or take any action against the obligor of the guaranteed obligation that the guarantee supports. A demand guarantee is enforceable notwithstanding any deficiencies in the enforceability of the underlying obligation.
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