Dictionary
 Open and Collaborative
 Home page

Meaning of aval




Celeste Jiménez

aval
  44

Guarantee through which a natural or legal person liable for the obligations assumed by the backed up, whether they referred to the payment of a loan, to the issuing of bonds or other obligations, assuming them personally in the case that this does not satisfy them. Endorsement or warranty assumed various forms depending on the type of operations, but it is a regular practice in finance.

  



  ADD NEW MEANING  




       

          


This website uses your own and third party cookies to optimize your navigation, adapt to your preferences and perform analytical work. As we continue to navigate, we understand that you accept our Cookies Policies