The only realistic solution we are able to come up with, that can be implemented in short order is for ABC to allow KGD International *to put up* an Insurance Guarantee as opposed to a Bank Guarantee as security against this project funding.
2007-04-21 19:12:16 · 6 answers · asked by Anonymous in Education & Reference ➔ Words & Wordplay
In this sentence, "put up" means to post, to offer as payment (or in this case as security). If KGD puts up an insurance guarantee, they sign an insurance policy as collateral. They could also "put up" cash as collateral, in which case they would hand over cash instead of an insurance guarantee.
2007-04-21 19:23:49 · answer #1 · answered by True Blue 6 · 0⤊ 0⤋
In this context, 'put up' would mean offer for acceptance or make available.
KGD could provide an insurance guarantee instead of a bank guarantee for the project finance from ABC to KGD, as a collateral security.
2007-04-22 02:35:42 · answer #2 · answered by greenhorn 7 · 0⤊ 0⤋
To yeild for the purpose of security. When something is "put up", it serves as collateral, so that if things don't work out, it is not a total loss. Something of worth is taken in place of what was bargained.
2007-04-22 02:16:54 · answer #3 · answered by Wise ol' owl 6 · 1⤊ 0⤋
establish
2007-04-22 05:04:41 · answer #4 · answered by Manz 5 · 0⤊ 0⤋
To offer, to place, to give
Now will you give me some points, I've answered three of your questions?
Thank you!
2007-04-22 02:17:04 · answer #5 · answered by Mimii 5 · 0⤊ 1⤋
to have or establish
2007-04-22 02:16:54 · answer #6 · answered by Autisteek 2 · 1⤊ 0⤋