aval
nounmasculinetécnico/ɐˈval/medium
a·val
Definition
A 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.
The bank required an aval before issuing the loan.
He provided an aval for his brother's debt.
Common collocations
to give an avalto sign an avalbank aval
Etymology
Do francês 'aval'.