Aug 23, 2008 08:58
15 yrs ago
21 viewers *
Arabic term
ضمان تنفيذ مصرفي
Arabic to English
Other
Law: Contract(s)
What is the English equivalent for "ضمان تنفيذ مصرفي" in contracts?
Proposed translations
(English)
Change log
Aug 23, 2008 09:31: Abdulrahman Bustani changed "Language pair" from "English to Arabic" to "Arabic to English"
Proposed translations
+6
46 mins
Fathy Shehatto
Egypt
Egypt
Native in Arabic
Specializes in field
Egypt
Helping Clinical Researchers Save Lives
Native in: Arabic (Variant: Egyptian) 
Works in: English to Arabic, Arabic to English
Related KudoZ points
:
4
Selected
Performance Bond Guarantee / Performance Bank Guarantee
A performance bond guarantee is a bank guarantee which is issued by the seller and given to the buyer. If the seller fails to meet the terms of the contract, then the buyer is entitled to claim payment on the bank guarantee, which is normally around ten percent of the total value stipulated on the contract. It is standard practice for the seller to issue the buyer a performance bond guarantee.
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Note added at 53 mins (2008-08-23 09:52:01 GMT)
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performance bond
Definition
Written guaranty from a third party guarantor (usually a bank or an insurance company) submitted to a principal (client or customer) by a contractor on winning the bid. Performance bond ensures payment of a sum (not exceeding a stated maximum) of money in case the contractor fails in the full performance of the contract. These bonds usually cover 100 percent of the contract price and replace the bid bonds on award of the contract. Unlike a fidelity bond, a performance bond is not an insurance policy and (if cashed by the principal) the payment amount is recovered by the guarantor from the contractor. Also called standby letter of credit.
http://www.businessdictionary.com/definition/performance-bon...
Reference:
4 KudoZ points awarded for this answer.
Comment: "Selected automatically based on peer agreement."
+1
31 mins
azmi jbeili
United Kingdom
United Kingdom
Native in Arabic
Specializes in field
United Kingdom
Competence
Native in: Arabic
Works in: Arabic to English, Arabic to Hebrew, Hebrew to English, and 3 more.
Related KudoZ points
:
16
Letter of credit/ bank guarantee
I am not sure about the context, but it seems as "letter of credit" or bank guarantee
32 mins
Mohsin Alabdali
Saudi Arabia
Saudi Arabia
Native in Arabic
Specializes in field
Saudi Arabia
Related KudoZ points
:
56
bank letter of guarantee
.
1 hr
Performance Bond
Project Contract term
41 mins
Mahmoud Basal
Native in Arabic
Specializes in field
Medical, Legal and Marketing
Native in: Arabic
Works in: English to Arabic, Arabic to English
Related KudoZ points
:
4
performance bond
2. Performance Bond
In most of tenders the contractor is required to submit a performance bond as soon as the job is awarded to him and a formal contract is signed. This guarantee is a percentage of the contract value, and remains valid during the contract period and is not reduced by the percentage of the executed works.
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Note added at 47 mins (2008-08-23 09:46:32 GMT)
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or performance guarantee
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Note added at 2 hrs (2008-08-23 11:17:25 GMT)
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Why do translators post similar answers?
In most of tenders the contractor is required to submit a performance bond as soon as the job is awarded to him and a formal contract is signed. This guarantee is a percentage of the contract value, and remains valid during the contract period and is not reduced by the percentage of the executed works.
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Note added at 47 mins (2008-08-23 09:46:32 GMT)
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or performance guarantee
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Note added at 2 hrs (2008-08-23 11:17:25 GMT)
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Why do translators post similar answers?
11 hrs
Hassan Al-Haifi (wordforword)
Native in Arabic
Specializes in field
proven quality translation work
Native in: Arabic (Variants: Yemeni, Standard-Arabian (MSA))
Works in: Arabic to English, English to Arabic
Related KudoZ points
:
8
Bank Performance Guarantee
This would fit the Arabic equivalent like a glove. I have issued a number of these in my banking days.
The first link says under the title Chariotinternational:
" A BANK PERFORMANCE GUARANTEE is available"
The second link is a sample with with the term found in capital letters. If asked to download or save etc, it is only a page. (US Government Procurement Guidelines):
"We understand that you have entered into a Contract Number [insert contract number] with [insert details] of [insert details] for the [insert details] and that a condition of entering into the contract is the supply of a Bank Performance Guarantee for an amount of [insert amount] £[insert amount], being 10% of the value of the said Contract."
Here is the first paragraph anyway
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Note added at 11 hrs (2008-08-23 20:53:31 GMT)
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Actually the first paragraph cited is above where it says "Here ...."
The first link says under the title Chariotinternational:
" A BANK PERFORMANCE GUARANTEE is available"
The second link is a sample with with the term found in capital letters. If asked to download or save etc, it is only a page. (US Government Procurement Guidelines):
"We understand that you have entered into a Contract Number [insert contract number] with [insert details] of [insert details] for the [insert details] and that a condition of entering into the contract is the supply of a Bank Performance Guarantee for an amount of [insert amount] £[insert amount], being 10% of the value of the said Contract."
Here is the first paragraph anyway
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Note added at 11 hrs (2008-08-23 20:53:31 GMT)
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Actually the first paragraph cited is above where it says "Here ...."
Reference comments
5 hrs
Akram Darwish
United Arab Emirates
United Arab Emirates
Native in Arabic
Specializes in field
United Arab Emirates
A quality translator on demand
Native in: Arabic (Variant: Syrian)
Works in: Arabic to English, English to Arabic
Related KudoZ points
:
4
Reference:
Freetrans, please refer to the following link as it may help you http://www.investopedia.com/terms/p/performancebond.asp
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