aval

aval
A third party guarantee of payment on a bill of exchange or promissory note which is not fully recognised under English law but is recognised in countries that are signatories to the Geneva Convention on Bills of Exchange and Promissory Notes. Avals are similar to endorsements in that the guarantee to pay is denoted on the face of (or as an attachment to) the instrument. Unlike acceptances, however, the party which avals the instrument is called upon to make payment only in the event that the original obligor fails to honour its commitment to pay. Avals generally are used in the forfait market (forfaiting), which provides financing for medium and long term trade transactions.
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • aval — aval …   Dictionnaire des rimes

  • aval — AVÁL s.n. (În loc. adv.) În aval = (în legătură cu situaţia unui punct de pe cursul unei ape) mai aproape de vărsare (în comparaţie cu alt punct). – Din fr. aval. Trimis de ana zecheru, 01.07.2002. Sursa: DEX 98  avál s. n. Trimis de siveco,… …   Dicționar Român

  • Aval — Saltar a navegación, búsqueda El aval es un compromiso solidario de pago de una obligación a favor del acreedor o beneficiario, otorgada por un tercero para el caso de no cumplir el obligado principal con el pago de un título de crédito. El aval… …   Wikipedia Español

  • aval — sustantivo masculino 1. Documento o compromiso escrito por el que se compromete una persona a responder por una obligación financiera de otra: Me ha firmado el aval del préstamo mi hermano. 2. Cualquier cosa o persona que responde o garantiza… …   Diccionario Salamanca de la Lengua Española

  • Aval — (frz. Awal), Wechselbürgschaft; der Bürge unterzeichnet sich einfach mit dem Beisatze »als Bürge« (pour aval) …   Herders Conversations-Lexikon

  • Aval — [a val] der, seltener das; s, e <aus gleichbed. fr. aval> Bürgschaft, insbes. für einen Wechsel …   Das große Fremdwörterbuch

  • aval — s. m. 1. Caução ou garantia dada por terceiros para pagamento de uma dívida. 2. Assinatura do caucionante. 3. Autorização, aprovação ou apoio a algo ou alguém. • Plural: avais e avales.   ‣ Etimologia: francês aval …   Dicionário da Língua Portuguesa

  • aval — (Del fr. aval). 1. m. Escrito en que alguien responde de la conducta de otra persona, especialmente en materia política. 2. Com. Firma que se pone al pie de una letra u otro documento de crédito, para responder de su pago en caso de no efectuarlo …   Diccionario de la lengua española

  • aval — /aval/ In French law, the guaranty of a bill of exchange; so called because usually placed at the foot or bottom (aval) of the bill. In Canadian law, the act of subscribing one s signature at the bottom of a promissory note or of a bill of… …   Black's law dictionary

  • aval — /aval/ In French law, the guaranty of a bill of exchange; so called because usually placed at the foot or bottom (aval) of the bill. In Canadian law, the act of subscribing one s signature at the bottom of a promissory note or of a bill of… …   Black's law dictionary

  • Aval — or endorsement is a shared in common commitment of payment of an obligation in favor of the creditor or beneficiary, granted by a third party in case the first party does not fulfill the obligation to the creditor main forced one with the payment …   Wikipedia

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