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| Advance payment guarantee | See Types of guarantee |
| Advise | To give information about the guarantee to the beneficiary (person who receives the guarantee) of another bank, without responsibility |
| Applicant | Person requesting the guarantee |
| Assignment | Signing over the rights of payment under a guarantee |
| Avalise | To endorse a draft/bill of exchange and become the guarantor for acceptance; used in certain cases instead of a payment guarantee |
| Beneficiary | The person in whose favour the guarantee is issued |
| Bid Bond | See Types of guarantee |
| Conditional guarantee | The bank awaits agreement between the parties or a judicial decision before paying |
| Counter-guarantee | When Danske Bank requests a foreign bank to issue a guarantee, the foreign bank will demand a guarantee from Danske Bank as security - a counter-guarantee |
| Demand guarantee | Claims under the guarantee are paid against a simple declaration of default |
| Payment guarantee | See Types of guarantee |
| Performance bond or guarantee | See Types of guarantee |
| Retention bond or guarantee | See Types of guarantee |
| Statement | A simple declaration used in connection with claims under demand guarantees |
| Tender bond | See Types of guarantee |
| Transferable | Guarantee where the beneficiary can sign over his rights to payment under the guarantee to another party |
| URDG 458 | The international guarantee rules. Uniform Rules for Demand Guarantees, ICC Publication No. 458 |
| Unconditional guarantee | See Demand guarantee above |
| Undertaking | Another word for guarantee |