aval

Definition

Mainland-European term for an unconditional third-party (usually the importer's or buyer's bank) guaranty of the payment of a bill of exchange or promissory note. Its other names include avalization, avalkredit, bon aval, pour aval.

Mentioned in these terms

Popular 'Banking, Commerce & Finance' Terms

aval in the news

Loading...

This content can be found on the following page:

http://www.businessdictionary.com/definition/aval.html

Search for another term



Tools

aval is...

... in the Banking, Commerce & Finance and International Trade & Relations subjects.

Nearby Terms

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z