Glossary entry (derived from question below)
angličtina term or phrase:
avalised
čeština translation:
avalovaný
Added to glossary by
Jana Zajicova
Aug 11, 2008 11:38
15 yrs ago
2 viewers *
angličtina term
avalised
angličtina -> čeština
Obchod/finance
Podnikání/obchod (obecně)
Please note that XX bank, a.s. is currently reviewing documentation concerning selected assets and liabilities of the former YY a.s. including bad loans which have never been paid by the primary debtors and which have been duly paid by the guarantor - i.e. by YY or XX as its successor, e.g. promissory notes avalised by YY.
Proposed translations
(čeština)
5 +4 | avalovaný | Jana Zajicova |
Change log
Aug 14, 2008 11:39: Jana Zajicova Created KOG entry
Proposed translations
+4
2 min
Selected
avalovaný
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4 KudoZ points awarded for this answer.
Reference comments
9 min
Reference:
If the buyer and his bank so arrange, the buyer’s bank can guarantee payment of the bill by signing the back of it. The bank’s signature is often accompanied by the words “per aval”, so that the bill is said to be “avalised” by the buyer’s bank. An avalised bill guarantees payment of the bill by the buyer’s bank if the buyer does not pay. (Instead of signing the bill, the buyer’s bank may issue a separate guarantee in respect of the bill. The effect of this is also to guarantee the payment of the bill by the buyer’s bank.)
Promissory notes can be treated in the same way. In certain countries, bills of exchange attract stamp duty:
Promissory notes can be treated in the same way. In certain countries, bills of exchange attract stamp duty:
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