Avalbeitritt
English translation: co-suretyship; joinder of indemnity fund
| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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| 08:38 May 2, 2008 |
| German to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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|  Selected response from: Adrian MM. (X) Local time: 15:46 | ||||||
Grading comment
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| Summary of answers provided | ||||
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| 4 | yes it is a guarantee |
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| 4 | participation in guarantee |
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| 4 | co-suretyship; joinder of indemnity fund |
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Answers
14 mins confidence: 
yes it is a guarantee Explanation: yes - see Langenscheidt Wirtschaft Aval <Bank> credit by way of bank guarantee • per Aval <Bank> guaranteed by |
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19 mins confidence:
participation in guarantee Explanation: Aval is an irrevocable bank guarantee for a bill of exchange |
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1 day 13 hrs confidence:
co-suretyship; joinder of indemnity fund Explanation: I agree with the asker's explanation. Joining in a guarantee put up by the other syndicate members. Suretyship is backing a pre-existing bond. I can't see what backing a bill of exchange has to do with this scene. Example sentence(s):
Reference: http://www.dict.cc/englisch-deutsch/co-suretyship.html Reference: http://www.lectlaw.com/def2/s208.htm |
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Grading comment
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