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单词 LETTER OF INDEMNITY
释义

A bank or insurance company promises by this written confirmation to act as a 3rd-party on behalf of the first party in a transaction or contract. This 3rd-party covers loss or damage to the 2nd-party in the agreement caused by the first party. Also known as indemnity bond.

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更新时间:2024/10/27 9:39:51