dictionary.pt
aval
nounmasculinetechnicalcommon/ɐˈval/a·val
Definition
1A financial guarantee, typically on a bill of exchange or promissory note, where a third party (the guarantor) agrees to pay if the principal debtor defaults.
Usage examples
“The bank required an aval before issuing the loan.”
“He provided an aval for his brother's debt.”
Common combinations
to give an avalto sign an avalbank aval