Favouree definition

Favouree means the company or individual whom the guarantee is in favour of.

Examples of Favouree in a sentence

  • Banker's Undertaking Demand Processing Fee of 8250 is payable each time the Bank is required to make payment (either full or in part) in response to a demand received from a Favouree under a Banker's Undertaking.

Related to Favouree

  • Federal Assurances means Standard Form 424B (for non-construction projects) or Standard Form 424D (for construction projects) in Attachment B, attached hereto and incorporated herein for all purposes.

  • quota means the number calculated in accordance with rule STV46,

  • Security Policy Framework means the Cabinet Office Security Policy Framework (available from the Cabinet Office Security Policy Division);

  • Procurer means Rajasthan Urja Vikas Nigam Limited on behalf of Discoms

  • Procure means to acquire a procurement item through a procurement.