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Meaning of contragarantía



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contragarantía
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COUNTER-GUARANTEE in symmetrical negotiations the one who receives a guarantee issues, in turn, a counter-guarantee, or guarantee of response. For example, if someone gives a guarantee of purchase, he can demand or receive a guarantee of sale, so that both parties acquire commitments according to their contractual function. In asymmetric situations, such as business with banks, the client's guarantees are not offset with other banks.

  










What is the meaning of contragarantía in the Spanish open dictionary

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