The importance of bank guarantees in modern business (business environment in Serbia)
| Autor: | Mirjana Knezevic, Aleksandar Lukic |
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| Jazyk: | angličtina |
| Rok vydání: | 2016 |
| Předmět: | |
| Zdroj: | Investment Management & Financial Innovations, Vol 13, Iss 3, Pp 215-221 (2016) |
| Druh dokumentu: | article |
| ISSN: | 1810-4967 1812-9358 |
| DOI: | 10.21511/imfi.13(3-1).2016.07 |
| Popis: | In contemporary international payment transactions, there takes place frequent use of bank guarantees as collateral payment in commercial transactions. The bank guarantee is usually required when it comes to specific business agreements that require stronger commitment and assurance that all contractual obligations will be implemented exactly as indicated. Knowledge of the use of bank guarantees allows better negotiating position in making business, quicker response to the demands of public calls for tenders and the provision of their own claims. Because of its rapid and efficient implementation, the bank guarantee is one of the most commonly used collateral in international business. Keywords: bank guarantee, business environment in Serbia, legal framework of bank guarantees. JEL Classification: G21, M16, M21 |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
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