Search Elements:
- Taxonomy
- us-gaap
- Name
- PerformanceGuaranteeMember
- Label
- Performance Guarantee [Member]
- Period Type
- duration
- Type
- dtr-types:domainItemType
- Definition
- An agreement (contract) that requires the guarantor to make payments to a guaranteed party based on another entity''s failure to perform under an obligating agreement. This may include the issuance of a performance standby letter of credit which requires the guarantor to make payments if a specified party fails to perform under a nonfinancial contractual obligation.
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