Usually means: Assurance of payment or performance.
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We found 8 dictionaries that define the word letter of guarantee:

General (2 matching dictionaries)
  1. letter of guarantee: Dictionary.com
  2. letter of guarantee: Wiktionary

Business (6 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. LETTER OF GUARANTEE: Accounting Glossary
  3. Letter of Guarantee: Bloomberg Financial Glossary
  4. Letter Of Guarantee: Investopedia
  5. Letter Of Guarantee: Financial dictionary
  6. BusinessDictionary.com (No longer online)

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Definitions from Wiktionary (letter of guarantee)

▸ noun:  (banking, finance) A document issued by a bank that ensures a beneficiary is paid if a bank customer defaults on a payment or obligation.


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