Check guarantee services assure vendors that funds for a check will be covered by a guarantee, with various methods available including bank verification, secure check forms, and third-party verification and escrow services. While these services cost money, they can save merchants money in the long run by reducing bounced checks. A check guarantee refers to […]
Price protection guarantees ensure that if a customer finds the same item cheaper elsewhere, the original seller will match the price. This provides an incentive for customer loyalty, but retailers must guard against fraud. Online retailers have different sales models, and time restrictions and conditions apply. A price protection guarantee extends assurances to the consumer […]
A bid guarantee is a security that proves a bidder has the means to complete a project. It is obtained from a reputable source and serves as insurance for the principal. The document is important in choosing a vendor and may be replaced by a performance guarantee after the contract is signed. It can also […]
A basic income guarantee provides individuals with a specified level of income and can be offered by governments or private companies. It is related to a minimum income guarantee for older individuals and can be a payment option or government subsidy. Private companies offer annuities for this purpose. The money received is usually less than […]
A contractual guarantee, also known as an ancillary guarantee, allows an external guarantor to acquire rights in a contract and enforce agreements on behalf of the security. It is illegal in the US, but demand guarantees are allowed. Performance bonds are common in industries like construction and are underwritten by banks or insurance companies. Disputes […]
Money-back guarantees offer consumers a promise of a refund if they are not satisfied with a purchase or service. However, there may be limitations, such as time constraints and documentation requirements, and some disreputable vendors may not honor their guarantees. The phrase caution emptor translates to “Buyer beware,” and many people take this Latin phrase […]
A satisfaction guarantee allows buyers to return a product if they are not satisfied, but terms can be complex and vary by store. Time restrictions, usage limitations, and proof of purchase may apply, and refunds may be in the form of cash, store credit, or an identical replacement. Satisfaction guarantees are often used as marketing […]
Make Sure is a line of nutritional supplements made by Abbott Nutrition, available in liquid, powder, and pudding form. It contains essential vitamins and nutrients and is used to supplement or replace meals for those with medical conditions or poor nutritional habits. It is believed to aid in treatment and recovery for chronic illnesses. Make […]
Hotels offer guaranteed no-show agreements, room type and preference guarantees, and best available rate guarantees to attract customers. Some hotels also offer a satisfaction guarantee, refunding the cost of the entire stay if the customer is not satisfied. Customer service is key in gaining a competitive edge. When hotel guests book rooms, they can often […]
The implied guarantee of habitability requires landlords to keep rental properties safe and habitable. The definition of habitability varies by region, but generally includes basic health and safety measures. Tenants should be cautious before assuming a violation and should consult a lawyer if necessary. The habitability guarantee is an implied type of guarantee, in the […]
A demand guarantee is an obligation for a third party to perform the terms of a contract for one of the parties. It is often used to protect against non-performance or defective performance. Financial institutions may require a waiting period before fulfilling the obligations of an on-demand guarantee. It is different from a letter of […]
When buying a camera, it’s important to consider the warranty. Understand the terms, coverage, and duration, and avoid buying from unauthorized dealers or used equipment. Consider purchasing an extended warranty for the best coverage. You may have put a lot of thought into the type of camera you want to buy. However, you may want […]
eBay offers a one-year warranty plan for items purchased through the website, covering 100% of parts, labor, and repairs. The plan ranges from $7 to $300 depending on the item’s price. Two types of plans are offered: Standard Service Plan and Extended Service Plan. The warranty does not cover pre-existing conditions, used merchandise older than […]
Credit guarantees protect sellers from non-payment by buyers, often used in imports. Government organizations or banks provide the guarantee, and the structure depends on regulations. The guarantee benefits both parties, allowing business to continue during crises. A credit guarantee is a form of insurance that helps protect a seller’s interests from the possibility of a […]
Back-to-back credit involves reciprocal guarantees between buyer and seller to protect both parties from loss in large transactions, often documented in a letter of credit. Legal counsel reviews the terms and regulations, and financial institutions provide standby credit. Also known as back-to-back or reciprocal credit, a back-to-back is a type of stand-up credit that involves […]
A letter of guarantee confirms a customer’s financial obligations for specific goods or services and can also be used to affirm the existence and availability of an asset for investment opportunities. It establishes acknowledgment of the contract and can remove obstacles for buyers with poor credit ratings or lack of credit history. A letter of […]
Secondary guarantee in life insurance ensures full death benefit payment even if policy’s cash value is zero. Age of insured party and policy duration are of little importance. Universal life policy combines aspects of whole life and term life insurance, with lower premiums and waiting period for guarantee. A secondary guarantee is a type of […]
To obtain business credit without personal guarantee, separate business and personal credit, sign up for a business credit reporting account, seek out lenders willing to extend credit, and pay debts on time. Setting up an LLC or corporation is a common first step. Vendors can be a good source of initial loans. Paying off debts […]
Companies offer quality guarantees to paying customers, which can include refunds, replacements, and repeat services. Quality assurance is important for customer satisfaction and can take many forms, such as product warranties or flexible return policies. For service-based companies, quality assurance may involve free repeat services if the initial service does not meet the customer’s standards. […]
A bank guarantee is insurance provided to a party in case a transaction doesn’t go as planned. It reduces the cost and delay associated with a failure and is used in various business transactions. A bank guarantee is a form of insurance provided to a party to a transaction in case the transaction does not […]
- 1
- 2
