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词汇 aval
释义 aval
noun[ C ]
 BANKING, FINANCEuk /əˈvæl/us
a payment such as a bill of exchange, promissory note, or cheque which a bank promises to pay if their customer is not able to pay it back themselves:
An aval is sometimes referred to as a "bank guarantee", since a bank is guaranteeing payment of the financial instrument.

Examples of aval


aval
The practice of requesting an aval from a prospective borrower has become commonplace since the 2008 global financial crisis.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
The aval nercha custom is said to have an uninterrupted history of not less than 400 years.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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