The importance of bank guarantees in modern business (business environment in Serbia)

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 contrac...

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Bibliographic Details
Main Authors: Mirjana Knezevic, Aleksandar Lukic
Format: Article
Language:English
Published: LLC "CPC "Business Perspectives" 2016-09-01
Series:Investment Management & Financial Innovations
Online Access:https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/7758/imfi_en_2016_03cont1_Knezevic.pdf