AIB Tradefinance - Glossary of Terms Mon, 6 Sep 2010
You are Here: Home > Glossary
Home
Application Forms
Bill of Exchange
Case Study
Contact us
FAQ's
Fee Schedule
Glossary
Incoterms
Products & Services
Useful Links
Site Map
Trade Insurance
Trade with Eastern Europe
Useful Tools
Privacy Statement
Terms and Conditions
Glossary
Z
Guarantee/Bond
See Advance Payment Guarantee, Bid Bond/Guarantee, Performance Bond/Guarantee.
Guaranteed Bill of Exchange
A Bill of Exchange is an unconditional order in writing, drawn up by the seller, asking the buyer to pay a specific amount of money at a future date. It becomes guaranteed if, after the buyer accepts the Bill, the buyers bank adds its guarantee that the bill will be paid at maturity.

©Copyright Allied Irish Banks p.l.c. 2000
AIB Trade Finance Services is a part of Allied Irish Banks p.l.c.
Registered in Ireland: Registered Number is 024173
Allied Irish Banks p.l.c. is regulated by the Financial Regulator
Registered Office:
Bankcentre
Ballsbridge
Dublin 4
Ireland