aval definition

aval

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.

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

aval appears in the definitions of the following terms: avalkredit, avalized draft, bon aval and avalization

aval appears in the other term:

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