Aval backing
Definition
The act of guaranteeing a bill via an aval and its result; the legal and financial operation through which a physical or legal person guarantees by signature the payment of a bill of exchange or promissory note, assuming joint liability for extinguishing the commercial debt.
Bilingual Equivalents
- Aval backing
- Bill endorsement
Grammatical & Source Details
| Inflection Type | Feminine noun, regular structural plural variations and case endings. |
| Formation | Noun of action derived from the compound verb 'avala' using the standard functional suffix '-re'. |
| Spelling / Pronunciation | [a.va.ˈla.re] |
| Source | Lexicon of Advanced Commercial Credit and Financial Law Frameworks |
Contextual Usage Examples
RO: Procedura de avalare a titlurilor de credit a fost finalizată de departamentul juridic al băncii.
EN: The procedure of guaranteeing the credit titles via an aval was completed by the bank's legal department.
RO: O avalare defectuoasă sau incompletă poate atrage nulitatea titlului comercial în instanță.
EN: A faulty or incomplete bill endorsement can lead to the invalidity of the commercial title in court.
RO: Firma a solicitat o avalare solidară din partea acționarilor majoritari pentru a asigura livrarea mărfii.
EN: The firm requested a joint aval backing from the majority shareholders to ensure the delivery of the cargo.
Idioms & Phrases
Operațiune de avalare / Aval backing operation / transaction
RO: Tranzacție financiară prin care se instituie o garanție personală de plată pe fața unui document cambial.
EN: A financial transaction whereby a personal payment guarantee is instituted on the face of a cambial document.
Avalare necondiționată / Unconditional aval guarantee
RO: Angajament juridic deplin, prin care garantul renunță la orice beneficiu de discuțiune sau diviziune.
EN: A full legal commitment whereby the guarantor waives any benefit of discussion or division.
Comision de avalare / Aval / guarantee fee
RO: Sumă de bani percepută de instituțiile bancare pentru asumarea riscului de plată în contul unui client.
EN: A sum of money charged by banking institutions for assuming the payment risk on behalf of a client.
Latest Contextual News
No recent news found for this topic.