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. Also called avalization, avalkredit, bon aval, pour aval.

Related Videos




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

Today's Top Bulls

73% Bullish
(95 Votes)
70% Bullish
(70 Votes)
69% Bullish
(49 Votes)
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