Aval

Aval

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 of a credit title.

Endorsement implies the will of one third immersed person in the title of unilateral way, to this person is called guarantor to him. One is an instrument by which the third guarantor jeopardizes to cover the payment with the amount of the credit title and its interests, in case indebted the original one (guaranteed) does not fulfill with which it corresponds to him.

In strict straight the figure of endorsement it is only applied with respect to the credit titles, even though in the colloquial thing is understood when nobody third supports acting of a person. The person seeking a loan may need a guarantor for the loan if the loan seeker's credit is not good. This demonstrates to the loaning agency that, if the person receiving the loan defaults, the guarantor can be held responsible for the remainder of the loan left unpaid.

ee also

* Surety
* Hawala


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Look at other dictionaries:

  • 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

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