An "off-balance-sheet commitment" that provides the bank's guarantee on the financial obligations of a borrower to a specific party is a

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A standby letter of credit is a guarantee issued by a bank that a borrower's financial obligation will be fulfilled. It is considered an off-balance-sheet commitment since it does not involve an immediate outflow of funds from the bank. Instead, it is a promise to pay if the borrower defaults on their obligations to a specific party, such as a supplier or lender. Therefore, out of the options given, a standby letter of credit best fits the description of an off-balance-sheet commitment providing the bank's guarantee on the financial obligations of a borrower to a specific party.

An "Off-Balance-Sheet Commitment" That Provides the Bank's Guarantee on the Financial