Glossary entry (derived from question below)
German term or phrase:
Avalbeitritt
English translation:
co-suretyship; joinder of indemnity fund
Added to glossary by
Michael Alger
May 2, 2008 08:38
16 yrs ago
1 viewer *
German term
Avalbeitritt
German to English
Bus/Financial
Finance (general)
Sorry for the absence of any context - the only thing I have are headings such as:
Offenes Konsortium mit Avalbeitritt
Offenes Konsortium ohne Avalbeitritt mit Rückgarantien
Open syndicates are defined in Part III of the Finance Act 2000. Is an Avalbeitritt a guarantee provided by members before they can be included in the syndicate? Would be grateful for any assistance.
Offenes Konsortium mit Avalbeitritt
Offenes Konsortium ohne Avalbeitritt mit Rückgarantien
Open syndicates are defined in Part III of the Finance Act 2000. Is an Avalbeitritt a guarantee provided by members before they can be included in the syndicate? Would be grateful for any assistance.
Proposed translations
(English)
| 4 | co-suretyship; joinder of indemnity fund |
Adrian MM. (X)
|
| 4 | yes it is a guarantee |
Jon Fedler
|
| 4 | participation in guarantee |
Ellen Kraus
|
Proposed translations
1 day 13 hrs
Selected
co-suretyship; joinder of indemnity fund
I agree with the asker's explanation. Joining in a guarantee put up by the other syndicate members. Suretyship is backing a pre-existing bond.
I can't see what backing a bill of exchange has to do with this scene.
I can't see what backing a bill of exchange has to do with this scene.
Example sentence:
QR = 8,69 Mio. als Avalbeitritt zu stellen ... Dresdner Bank gibt Avalbeitritt frei. • unter der Bedingung der Freigabe kann BWMG die Bürgschaft als ...
SURETYSHIP - An accessory agreement by which a person binds himself for another already bound, either in whole or in part, as for his debt, default or miscarriage.
4 KudoZ points awarded for this answer.
Comment: "Thanks. I think co-suretyship fits the bill."
14 mins
Jon Fedler
Native in English
Strong Law + Business+Tech Background
Native in: English
Works in: German to English, Hebrew to English
Related KudoZ points
:
22
yes it is a guarantee
yes - see Langenscheidt Wirtschaft
Aval <Bank> credit by way of bank guarantee • per Aval <Bank> guaranteed by
Aval <Bank> credit by way of bank guarantee • per Aval <Bank> guaranteed by
19 mins
Ellen Kraus
Austria
Austria
Native in German
Austria
more than thirty years of experience
Native in: German 
Works in: Greek to German, English to German, Greek to English, and 5 more.
Related KudoZ points
:
33
participation in guarantee
Aval is an irrevocable bank guarantee for a bill of exchange
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