Takuukirjeissä
Takuukirjeissä, often translated as "guarantee letters" or "letters of guarantee," are important financial instruments used in various commercial and legal contexts. They function as a promise from one party (the guarantor) to fulfill a specific obligation of another party (the principal debtor) if the principal debtor fails to do so. This provides a level of security to the beneficiary of the guarantee.
The issuance of a takuukirje typically involves three parties: the applicant (who requests the guarantee), the
These instruments are commonly employed in international trade, construction projects, and various contractual agreements. For instance,