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English translation: guarantee credit

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

German term or phrase:	Avalkredit
English translation:	guarantee credit
Entered by:	Alison Schwitzgebel

20:51 Jun 24, 2005

German to English translations [PRO]
Bus/Financial - Finance (general) / syndicated loan

German term or phrase: Avalkredit

(syndicated loan)

Based on my question related to *Aval*, would *loan based on an aval* be appropriate for *Avalkredit* or should I use other wording?

Any help is greatly appreciated!

silfilla KudoZ activity Questions: 30 (none open) Answers: 1090
Local time: 21:04

loan against aval

Explanation:
yes, you have found the right words

Selected response from:

mustafaer
Türkiye
Local time: 04:04

Grading comment

I used *aval-based loan* in my translation. Thanks, Mustafa, and all others who contributed.
4 KudoZ points were awarded for this answer

Summary of answers provided

5 +2

guarantee credit

Alison Schwitzgebel

4 +2

credit by way of bank guarantee

Kathi Stock

loan against aval

mustafaer

bank guarantee (BG)

Raghunathan Rajagopalan

Answers

52 mins confidence:

peer agreement (net): +2

credit by way of bank guarantee

Explanation:
Kreditinstitut übernimmt Dritten gegenüber die Haftung für Kunden bei nicht ordnungsgemäßer Vertragserfüllung
Laut Schäfer Wirtschaftswörterbuch

Kathi Stock
United States
Local time: 20:04
Works in field
Native speaker of: German
PRO pts in category: 27

1 hr confidence:

peer agreement (net): +2

guarantee credit

Explanation:
"Avalkredit / guarantee credit
Gewährung eines Kredites, bei dem eine Bank in einem bestimmten Ausmass (Avallimite) die Verpflichtung einer Wechselbürgschaft übernimmt."

Reference: http://www.raiffeisen.ch/lexikon/avalkr-d.htm

Alison Schwitzgebel
France
Local time: 03:04
Specializes in field
Native speaker of:

English,

German
PRO pts in category: 253

8 hrs confidence:

loan against aval

Explanation:
yes, you have found the right words

mustafaer
Türkiye
Local time: 04:04
Native speaker of:

Turkish,

English
PRO pts in category: 12

Grading comment

I used *aval-based loan* in my translation. Thanks, Mustafa, and all others who contributed.

11 hrs confidence:

bank guarantee (BG)

Explanation:
I think, that will do.
The service provider SP) may insist on the customer furnishsing a bank guarantee just in case the customer is not honouring the payment commitment. In such a situation, the (SP) may revoke the BG to obtain payment. BG is issued by a bank on the request of a customer

Raghunathan Rajagopalan
Local time: 06:34
Works in field
Native speaker of: English
PRO pts in category: 96

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