One of the → Insurer A promise given in the form of a guarantee to honour certain - present or future - obligations of the debtor (→ policyholder) in the event of its inability or unwillingness to pay. Security deposit insurance is available for various areas and in various forms. The most common surety insurances are
- Guarantees for building contractor insurance in accordance with § 648a BGB
- Guarantee for claims for defects
- Contract fulfilment guarantees
- Advance payment guarantees
- Guarantees to secure the delivery of goods and employee shareholdings, for example
- Guarantees in accordance with the Federal Immission Control Act
- Rental deposit for commercial properties
- IATA guarantees (guarantees to secure payment for flight tickets issued online (IATA = International Air Transport Association)
- Process guarantees
- Customs guarantees.
Source reference: See VDT publication "VDT article series part 5 l Glossary" and the source indicated there.