Meanings
nounletter of guarantee (plural letters of guarantee)
plural letters of guarantee
- bankingA document issued by a bank that ensures a beneficiary is paid if a bank customer defaults on a payment or obligation.
Synonyms: guarantee letter, standby loan
Synonyms & antonyms
nounA document issued by a bank that ensures a beneficiary is paid if a bank customer defaults on a payment or obligation.
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Cite this entry
APA
letter of guarantee. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/letter%20of%20guarantee
MLA
“letter of guarantee.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/letter%20of%20guarantee. Accessed November 4, 2026.
Chicago
WatkinsX Dictionary, s.v. “letter of guarantee,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/letter%20of%20guarantee.
Source: letter of guarantee on Wiktionary, CC BY-SA 4.0.