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BID SECURITY INSURANCE [1 record]
Record 1 - internal organization data 2026-01-08
Record 1, English
Record 1, Subject field(s)
- Foreign Trade
- Insurance
Record 1, Main entry term, English
- bid security insurance
1, record 1, English, bid%20security%20insurance
correct
Record 1, Abbreviations, English
- BSI 2, record 1, English, BSI
correct
Record 1, Synonyms, English
Record 1, Textual support, English
Record number: 1, Textual support number: 1 DEF
Insurance that provides cover to the exporter against the arbitrary or wrongful call of an on-demand letter of credit or guarantee issued in favour of the buyer in support of a bid by the exporter. 2, record 1, English, - bid%20security%20insurance
Record number: 1, Textual support number: 1 CONT
Bid Security Insurance provides cover for the exporter against a wrongful call by the foreign buyer of an Irrevocable Letter of Credit (ILC) or letter of guarantee provided by the exporter's bank on behalf of the exporter. It also provides cover for a rightful call due to specified risks outside the exporter's control. 3, record 1, English, - bid%20security%20insurance
Record 1, French
Record 1, Domaine(s)
- Commerce extérieur
- Assurances
Record 1, Main entry term, French
- assurance-caution de soumission
1, record 1, French, assurance%2Dcaution%20de%20soumission
correct, feminine noun
Record 1, Abbreviations, French
Record 1, Synonyms, French
Record 1, Textual support, French
Record number: 1, Textual support number: 1 DEF
Assurance qui protège l'exportateur contre l'appel arbitraire ou injustifié d'une lettre de crédit sur demande ou d'une garantie émise en faveur de l'acheteur afin d'appuyer une soumission de l'exportateur. 2, record 1, French, - assurance%2Dcaution%20de%20soumission
Record number: 1, Textual support number: 1 CONT
L'assurance-caution de soumission assure l'exportateur contre l'appel injustifié, par l'acheteur étranger, d'une lettre de crédit irrévocable (LCI) ou d'une lettre de garantie que la banque de l'exportateur a émise au nom de celui-ci. Elle assure également contre l'appel justifié attribuable à des risques spécifiés sur lesquels l'exportateur n'a aucun contrôle. 3, record 1, French, - assurance%2Dcaution%20de%20soumission
Record 1, Spanish
Record 1, Campo(s) temático(s)
- Comercio exterior
- Seguros
Record 1, Main entry term, Spanish
- seguro de fianza de licitación
1, record 1, Spanish, seguro%20de%20fianza%20de%20licitaci%C3%B3n
correct, masculine noun
Record 1, Abbreviations, Spanish
Record 1, Synonyms, Spanish
Record 1, Textual support, Spanish
Record number: 1, Textual support number: 1 DEF
Seguro que ampara al exportador contra la ejecución indebida de una carta de crédito a la vista emitida a favor del comprador en respaldo de una oferta presentada por el exportador. 1, record 1, Spanish, - seguro%20de%20fianza%20de%20licitaci%C3%B3n
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© Public Services and Procurement Canada, 2026
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau
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