TERMIUM Plus®

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GARANTIE BONNE EXECUTION [1 record]

Record 1 2007-01-15

English

Subject field(s)
  • Law of Security
  • Law of Contracts (common law)
DEF

A bond issued by an insurance company to guarantee satisfactory completion of a project by a contractor.

OBS

specific, as opposed to performance guarantee, warranty or security

OBS

performance bond: term standardized by CGSB.

French

Domaine(s)
  • Droit des sûretés
  • Droit des contrats (common law)
DEF

Engagement en vertu duquel le garant, le plus souvent une compagnie d'assurances, s'oblige à verser au bénéficiaire une certaine somme au cas où le commettant (fournisseur ou entrepreneur) n'exécuterait pas dûment le contrat conclu avec le bénéficiaire.

OBS

garantie de bonne exécution : terme normalisé par l'AFNOR.

Spanish

Campo(s) temático(s)
  • Derecho de cauciones
  • Derecho de contratos (common law)
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