TERMIUM Plus®

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AVALIZE [1 record]

Record 1 2017-08-24

English

Subject field(s)
  • Negotiable Instruments (Commercial Law)
OBS

The term "avalize" is a gallicism.

OBS

A form of guarantee given by a bank or other party to enhance the value of a negotiable instrument. While an aval acts as an unconditional and transferable guarantee of an instrument, the exact scope or nature of the guarantee may not be evident.

French

Domaine(s)
  • Effets de commerce (Droit)
DEF

Donner son aval, cautionner par un aval.

CONT

Avaliser un effet de commerce.

Spanish

Campo(s) temático(s)
  • Instrumentos negociables (Derecho mercantil)
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