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 ?
Su sobrevivencia depende de los recursos que le preste o avale el Estado porque nadie le concede un credito, ni siquiera los abnegados nacionalistas a traves de los famosos bonos patrioticos tan de moda en anos pasados (los ultimos tuvieron que ser liquidados por el Estado en abril de 2014 a traves del fondo de liquidez autonomica--FLA--).
AVALE OF LEITHEN boss Mark Lamb has signed six players from Berwick.
AVALE of Clwyd woman who used to help international travellers enjoy their journeys has had a change in direction - by caring for people in her home area.
Ramalingam (DMK), Achutan (CPI), Vandana Chavan and Sanjeev Naik (both NCP), Marotrao Kowase, Anil Lad and Jayantrao Avale (all Congress party), while Pradip Bhattacharya and Joy Abraham (both Congress party) say they do not remember signing the letter.
Des recherches ont ete egalement menees sur la gestion optimale de l'eau et pour la production de nouvelles especes de riz, pouvant supporter la secheresse (la culture du riz avale une bonne part de l'eau).
Hay que resaltar que la visa temporal de trabajador se expedira a solicitud y bajo la responsabilidad de la empresa, entidad, institucion o persona natural que avale la peticion.
Patil filed a public interest petition in March this year seeking action against local Congress MP and former minister Jaywantrao Avale and his sons for alleged misappropriation of Rs 7.6 crore in one such society.
El argumentado suministro continuo de claves y orientaciones dirigidas a educadores ayuda a que este trabajo se avale por si mismo como instrumento de evaluacion, autoevaluacion y coevaluacion entre los responsables educativos.
Otra de las variables analizadas ha sido el origen de la prescripcion para determinar si prevalece el autoconsumo o por el contrario existe una prescripcion facultativa que avale los tratamientos.
Pour le devorer lui-meme ensuite, devorer le pere, en effet, montre plate, aussi plate que possible, aussi plate qu'une feuille de papier, qu'un morceau de bristol ou qu'une photographie, avale d'une seule bouchee, avale corps et bien par cette << mante religieuse >> (La Route des Flandres, 232).
AVale spokesperson said last night: "The council wishes to reassure the MP Mr Smith publicly that it has anticipated the need for the safeguards he is proposing.
"Cuando tienes una cantidad considerable de canales, la mayoria de ellos no cuentan con certificacion que avale su experiencia", agrego el directivo.