TERMIUM Plus®

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

banker's guarantee [2 records]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2000-08-02

English

Subject field(s)
  • Negotiable Instruments (Commercial Law)
  • Banking
  • Citizenship and Immigration
  • Foreign Trade
DEF

An instrument issued by a financial institution to guarantee the exporter's performance under a contract. The foreign buyer is normally the beneficiary of this instrument.

CONT

first-class bank guarantee

CONT

A bank guarantee testifies to the supplier's ability to perform the contract. ... The principal stands to lose the guarantee amount if he fails to fulfil the contract terms. ... If the principal fails to fulfil his contractual obligations, the buyer has the right to demand payment of the guarantee amount, which will compensate him wholly or in part for the financial consequences of the breach of contract.

French

Domaine(s)
  • Effets de commerce (Droit)
  • Banque
  • Citoyenneté et immigration
  • Commerce extérieur
DEF

Instrument d'une institution financière qui garantit à l'acheteur l'exécution du contrat de l'exportateur.

CONT

garantie bancaire de premier rang

Spanish

Campo(s) temático(s)
  • Instrumentos negociables (Derecho mercantil)
  • Operaciones bancarias
  • Ciudadanía e inmigración
  • Comercio exterior
DEF

Instrumento emitido por una institución bancaria para garantizar el cumplimiento de las obligaciones del exportador. Normalmente, el comprador extranjero es el beneficiario de este instrumento.

CONT

garantía bancaria de primer orden

Save record 1

Record 2 1986-01-06

English

Subject field(s)
  • Foreign Trade
  • Banking
OBS

to bank.

French

Domaine(s)
  • Commerce extérieur
  • Banque

Spanish

Save record 2

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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