Avalizor

Avalizor

An institution or person who gives the aval.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Avalizor

A third party guarantor, especially a bank, which 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. See also: aval.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved