A payment guarantee is the most commonly used type of guarantee and is used to ensure that the contractor finishes the project.

Name: A payment guarantee is the most commonly used type of guarantee and is used to ensure that the contractor finishes the project.
Brand: Quizplus
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Quizplus · Accepted Answer

A payment guarantee ensures the seller gets paid for goods or services provided, while a performance guarantee ensures the contractor finishes the project.

A Payment Guarantee Is the Most Commonly Used Type of Guarantee