aval — meaning in English
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English meaning
- bondsman noun A person who provides a bond guaranteeing that someone will appear in court, often for a fee.
- collateral noun An asset pledged as security for a loan, which the lender can claim if the borrower fails to repay.
Senses
aval is used for these senses in English:
- aval (finance, law) A financial guarantee by a third party to assume the burden of a debt, especially a bill of exchange in the event of default.
- bondsman Someone who signs a bond that states that they have taken responsibility for someone else's obligations.
- collateral (finance) A security or guarantee (usually an asset) pledged for the repayment of a loan if one cannot procure enough funds to repay.
collateral — full definition
- noun An asset pledged as security for a loan, which the lender can claim if the borrower fails to repay.
- adj Secondary or incidental, alongside the main effect or target.