DIFF.

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What is the diff. between EMD and Bank Guarantee?

Replies (2)

An EMD(Earnest Money Deposit) is a good faith deposit by the buyer to the seller to show that they will follow through with the conveyance/closing. It is similar to a reservation fee.

Bank gurantee is a  guarantee from a lending institution ensuring that the liabilities of a debtor will be met.
 


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