To back a bill
Definition
To guarantee by signature (aval) the payment of a bill of exchange, promissory note, or other commercial paper, becoming jointly liable alongside the primary debtor in case of default at maturity.
Bilingual Equivalents
- To back a bill
- To guarantee an aval
Grammatical & Source Details
| Inflection Type | First conjugation verb, active paradigm transformations, past participle: avalat. |
| Formation | Verbal composition derived functionally from the baseline French-borrowed noun 'aval'. |
| Spelling / Pronunciation | [a.va.ˈla] |
| Source |
Contextual Usage Examples
RO: Directorul general a refuzat să avaleze biletul la ordin fără o aprobare scrisă din partea consiliului de administrație.
EN: The general manager refused to back the promissory note without written approval from the board of directors.
RO: Compania-mamă a decis să avaleze toate efectele de comerț emise de sucursala aflată în criză de lichidități.
EN: The parent company decided to guarantee all commercial papers issued by the subsidiary facing liquidity shortages.
RO: Înainte de a avala o cambie, este recomandat să analizezi bonitatea financiară a firmei pe care o sprijini.
EN: Before backing a bill of exchange, it is recommended to analyze the financial creditworthiness of the firm you support.
Idioms & Phrases
A avala un bilet la ordin / To guarantee / back a promissory note
RO: A semna pe fața unui bilet de credit pentru a asigura plata sumei datorate de emitent.
EN: To sign on the face of a credit note to ensure the payment of the amount owed by the issuer.
A avala solidar / To co-sign jointly and severally
RO: A accepta răspunderea juridică deplină și necondiționată în caz de executare silită a contractului comercial.
EN: To accept full and unconditional legal liability in case of forced enforcement of the commercial contract.
Obligația de a avala / Obligation to provide an aval
RO: Îndatorire asumată prin contracte cadru de a aduce garanții bancare pentru tranzacțiile de distribuție.
EN: A duty assumed through framework contracts to provide banking guarantees for distribution transactions.
Latest Contextual News
No recent news found for this topic.