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This might vary by jurisdiction, but in California an undertaking is like a bond - you put money into an account or give it to a third party to hold, pending some action. A guarantee is an agreement whereby someone personally agrees to share liability for the debts of another person or entity.
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What is the difference between a Deed of Undertaking and a Deed of Assignment?
deed of undertaking
What is the difference between an undertaking and intentions?
Intending is when you hope to do something and undertaking is when you commit to something
What is the difference between warrenty and guarantee?
What is the difference between warrenty and guarantee? In: http://wiki.answers.com/Q/FAQ/4423[Edit categories]
Difference between guarantee and warranty?
guarantee means that the seller will completely replace the product or item while warranty means that the seller will repair the product or item. SHAHZAIB SHEHZAD
What is difference between specific guarantee and continuing guarantee?
Definition of "Continuing Guarantee"A continuing guarantee is a guarantee where the guarantor assumes liability for any past, present and future obligations owed by a debtor to a lender or creditor. Even where the amount owing has been completely paid, the guarantor can still be liable under that line of credit if there is a subsequent indebtedness. Also known as a continuing guaranty. A common example is a guarantee for a revolving line of credit. specific guaranteeWritten undertaking to fulfill a specific obligation. Also called specific guarantee.
What is the difference between a Bank guarantee and standby letter of credit?
nothing
How is guarantee used in this sentence Many nobles refused to obey King John unless he agreed to guarantee certain rights?
The difference between a guarantee and a promise is a guarantee is something that might happen and a promise is something that you have to do.
What difference between indemnity and contract and contract of guarantee?
A contract of guaranty is a collateral undertaking, and presupposes an original contract; while a contract of indemnity is original and independent. In a contract of indemnity, the undertaking is to make good and save harmless the person, with whom the contract is made, upon an obligation of such person to a third person; while, in a contract of guaranty, the obligation is to answer for the debt, default, or miscarriage of another to the person with whom the contract is made.
What does profit?
Profit means the difference between revenues and expenses. This left over amount is the business owner's reward for the risk they took in undertaking the business.
What is the difference between 'enterprise' and 'undertaking'?
Enterprise: a project undertaken or to be undertaken, esp. one that is important or difficult or that requires boldness or energy: To keep the peace is a difficult enterprise. Undertaking: the act of a person who undertakes any task or responsibility.
What meaning profit?
Profit means the difference between revenues and expenses. This left over amount is the business owner's reward for the risk they took in undertaking the business.
What does profitible mean?
Profit means the difference between revenues and expenses. This left over amount is the business owner's reward for the risk they took in undertaking the business.
