TERMIUM Plus®

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FULFIL UNDERTAKING [2 records]

Record 1 2026-01-08

English

Subject field(s)
  • Loans
  • Banking
DEF

An irrevocable undertaking by a bank to pay on behalf of an obligor should the latter not fulfil his/her obligations.

French

Domaine(s)
  • Prêts et emprunts
  • Banque
DEF

Engagement irrévocable pris par un établissement de crédit en faveur d'un tiers bénéficiaire d'indemniser ce dernier si le client de la banque n'est pas en mesure d'honorer ses obligations à l'égard du bénéficiaire.

Spanish

Campo(s) temático(s)
  • Préstamos
  • Operaciones bancarias
DEF

Compromiso irrevocable que adquiere un banco por cuenta del deudor para garantizar el pago del crédito concedido, en caso de incumplimiento del acreditado.

Save record 1

Record 2 2013-06-14

English

Subject field(s)
  • PAJLO
  • Property Law (common law)
CONT

An undertaking given on the closing of a residential real estate transaction is an obligation that a party agrees to fulfil after the closing of the transaction.(Rose, 5th ed., 1981, p. 171).

French

Domaine(s)
  • PAJLO
  • Droit des biens et de la propriété (common law)
OBS

engagement : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 2

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