See Also: Guarantee letter(money)
Put guarantee letter(money)
Guarantee letter(finance)
Put guarantee letter(finance)
Letter of Guarantee(money)
Letter of Guarantee(finance)
guarantee(dictionary)
Guarantee(money)
Guarantee Fee(money)
Guarantee fee(finance)

Letter of Guarantee (finance)


A letter from a bank to a brokerage firm which states that a customer (who has written a call option) does indeed own the underlying stock and the bank will guarantee delivery if the call is assigned.