Backed by an aval
Definition
Having been guaranteed through the application of an aval signature; a promissory note, bill of exchange, or commercial paper for which a guarantor (avalist) has assumed joint and unconditional liability for payment in case of default by the primary debtor.
Bilingual Equivalents
- Backed by an aval
- Guaranteed via aval
Grammatical & Source Details
| Inflection Type | Variable adjective with standard masculine, feminine, and structural plural variations. |
| Formation | Past participle of the verb 'avaliza', functionally stabilized as an independent descriptive adjective. |
| Spelling / Pronunciation | [a.va.li.ˈzat] |
| Source | Lexicon of Negotiable Instruments and Advanced Commercial Credit Standards |
Contextual Usage Examples
RO: Furnizorul a acceptat livrarea mărfii doar după ce a primit un bilet la ordin avalizat de o bancă comercială.
EN: The supplier accepted the delivery of the goods only after receiving a promissory note backed by an aval from a commercial bank.
RO: Orice titlu comercial perfect avalizat elimină riscul de neplată pentru beneficiarul tranzacției economice.
EN: Any perfectly aval-backed commercial title eliminates the risk of non-payment for the beneficiary of the economic transaction.
RO: Documentul financiar avalizat în nume propriu a fost depus în seiful instituției de credit.
EN: The financial document backed by an aval in his own name was deposited in the credit institution's vault.
Idioms & Phrases
Bilet la ordin avalizat / Aval-backed promissory note / guaranteed note
RO: Titlu de credit emis de un debitor, care poartă semnătura suplimentară a unui terț garant pentru siguranța încasării.
EN: A credit title issued by a debtor, bearing the extra signature of a third-party guarantor for collection security.
Titlu complet avalizat / Fully guaranteed commercial paper
RO: Efect de comerț care îndeplinește toate condițiile formale de validitate a garanției și poate fi scontat rapid.
EN: A commercial paper meeting all formal conditions of guarantee validity that can be discounted quickly.
Document avalizat la scadență / Commercial paper backed until maturity
RO: Înscris financiar a cărui plată este asigurată ferm pe întreaga durată de valabilitate a contractului de bază.
EN: A financial instrument whose payment is firmly secured for the entire duration of the underlying contract's validity.
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