1. An importer gets his own bank to guarantee payment by issuing a letter of credit. 2. The banks or organisations that issue them guarantee payment of bills run up by the credit card holder up to a certain limit. 3. The constitution guarantees federal payments, but that does not mean they have to be made on time. 4. To do so would suggest that the Bank were in effect guaranteeing their payment at maturity. 5. After the sale, payment is guaranteed within seven days of the cattle leaving the farm which has to be by the Tueday following at the latest. 6. Banks were in such dire straits that they were declining to issue exporters letters of credit advanced to guarantee payments. 7. Bloomberg Business News reported Wednesday that Caldor was having trouble with the factors who guarantee payment to vendors shipping goods. 8. Bond insurance normally guarantees interest payments only if the issuer defaults. 9. But in most cases the issuers have no insurance, collateral or other ways to guarantee payment. |