Guarantee on demand
Guarantee on demand
A guarantee that must be honoured by the guarantor upon the counterpart’s demand, notwithstanding any deficiencies in the enforceability of the underlying obligation.
- Document
- Regulation
- Context
- EU Policy
- Origin document
Regulation (EU, Euratom) 2024/2509 of the European Parliament and of the Council of 23 September 2024 on the financial rules applicable to the general budget of the Union (recast)
- Release