TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

INDEFINITE SURETYSHIP [1 record]

Record 1 2009-05-27

English

Subject field(s)
  • Law of Security
  • Loans
CONT

Indefinite suretyship of a principal obligation extends to the accessories of the debt, even to the costs of the first claim, and to all those subsequent to the notice given of it to the surety.

OBS

Where that suretyship is contracted by a natural person, the latter shall be informed by the creditor of the evolution of the amount of the debt secured and of those accessories at least once a year at the date agreed between the parties or, failing which, at the anniversary date of the contract, on pain of forfeiture of all the accessories of the debts, costs and penalties.

French

Domaine(s)
  • Droit des sûretés
  • Prêts et emprunts
DEF

Cautionnement qui s'étend à tous les accessoires de la dette, même aux frais de l'action intentée par le créancier contre le débiteur, et à tous ceux qui sont postérieurs à la dénonciation qui en est faite à la caution.

Spanish

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