Aval


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Aval

Term meaning inseparable from the financial instrument. This gives a guarantee and is abstracted from the performance of the underlying trade contract: Article 31 of the 1930 Geneva Convention of the Bills Of Exchange states that the aval can be written on the bill itself or on an allonge. US Banks are prohibited from avalizing drafts.

Aval

A third party guarantee, especially by a bank, that ensures payment on a note, bond, or other debt instrument in the event of default. This is practiced in Europe more often than in the United States, as American banks have tighter restrictions on bank guarantees.
References in periodicals archive ?
Aval's Hindi version titled, The House Next Door , and Telugu version Gruham release in India on November 10.
Sasan Aval can be contacted through Berkshire Hathaway HomeServices California Properties at 949-295-2573 mobile, 949-644-6200 office or Sasan@SasanAval.com.
the commitment to capitalize the bank by its main shareholder, Grupo Aval
Cet aval a ete obtenu par une ecrasante majorite des senateurs, qui sont convenus de la necessite d'effectuer ces amendements sur la loi.
6 May 2011 - Moody's revised on Thursday to "stable" from "negative" the outlook on the standalone D- bank financial strength rating (BFSR) of Raiffeisen Bank Aval (KSE:BAVL), or RBA.
Global Banking News-April 21, 2011--Raiffeisen Bank Aval to start lending to individuals in Ukraine(C)2011 ENPublishing - http://www.enpublishing.co.uk
(ADPnews) - Dec 4, 2009 - Raiffeisen Aval, the Ukrainian subsidiary of Raiffeisen International (WBAG:RIBH), has signed a contract with the European Bank for Reconstruction and Development (EBRD) for a USD 150 million (EUR 99.6m) subordinated loan.