Fianza

Spanish translation: (Performance/Surety) Bond

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Fianza
Spanish translation:(Performance/Surety) Bond
Entered by: Cinnamon Nolan

13:22 Aug 14, 2009
English to Spanish translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: Fianza
I know that "fianza" can refer to a bond, a guarantee or security.

I'm trying to find out the best translation in the following context:

One company is requesting the bond/guarantee. An insurance company executing or issuing the bond/guarantee. The purpose of the bond/guarantee is to guarantee an advance or downpayment for the construction of a building. Finally the bond/guarantee will be deposited with another (unrelated I think) company.

The deadline is pretty tight. Any suggestions would be most welcome.
Ruth Ramsey
United Kingdom
Local time: 21:07
Bond
Explanation:
I don't understand why the others have entered their choice in the Discussion sections rather than as an answer, but I agree:
Bond.

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Note added at 15 mins (2009-08-14 13:38:31 GMT)
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Eastern Insurors Can Give You a Free Online Quote on Bond Insurance NOW!
In the simplest terms, a bond is a guarantee. What the bond guarantees varies depending on the language of the bond. It is a form of credit, not insurance. Bond premiums vary greatly depending on the applicant, the bond type, surety, and the obligee. Just like other forms of credit, everyone does not receive the same rate.
http://www.insurance-nj.com/bond/tabid/25435/default.aspx

25 Mar 2009 ... The bonds are a form of insurance to guarantee the construction work. The additional cost of the full bonds — which could be as much as $3.6 ...
www.kentucky.com/law_and_mortar/story/737581

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Note added at 50 mins (2009-08-14 14:13:02 GMT)
--------------------------------------------------

"Deposited with" is much more common.
Selected response from:

Cinnamon Nolan
Spain
Local time: 22:07
Grading comment
Cinammon, your answer was the most helpful because I had a tight deadline and it clarified my doubt about whether it was a bond or guarantee.
3 KudoZ points were awarded for this answer



Summary of answers provided
4Bond
Cinnamon Nolan
4performance bond or surety bond
María Eugenia Wachtendorff


Discussion entries: 8





  

Answers


10 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
Bond


Explanation:
I don't understand why the others have entered their choice in the Discussion sections rather than as an answer, but I agree:
Bond.

--------------------------------------------------
Note added at 15 mins (2009-08-14 13:38:31 GMT)
--------------------------------------------------

Eastern Insurors Can Give You a Free Online Quote on Bond Insurance NOW!
In the simplest terms, a bond is a guarantee. What the bond guarantees varies depending on the language of the bond. It is a form of credit, not insurance. Bond premiums vary greatly depending on the applicant, the bond type, surety, and the obligee. Just like other forms of credit, everyone does not receive the same rate.
http://www.insurance-nj.com/bond/tabid/25435/default.aspx

25 Mar 2009 ... The bonds are a form of insurance to guarantee the construction work. The additional cost of the full bonds — which could be as much as $3.6 ...
www.kentucky.com/law_and_mortar/story/737581

--------------------------------------------------
Note added at 50 mins (2009-08-14 14:13:02 GMT)
--------------------------------------------------

"Deposited with" is much more common.

Cinnamon Nolan
Spain
Local time: 22:07
Does not meet criteria
Works in field
Native speaker of: English
PRO pts in category: 7
Grading comment
Cinammon, your answer was the most helpful because I had a tight deadline and it clarified my doubt about whether it was a bond or guarantee.
Notes to answerer
Asker: Thanks Cinnamon.

Asker: Based on your answer, Cinammon, do you think it's correct that the bond is "entrusted to" or "deposited with" the third party corporation.

Asker: Thanks very much for your help, Cinammon!

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1 day 16 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
fianza
performance bond or surety bond


Explanation:
In the context you describe, I would call it a "performance bond."

See http://www.answers.com/topic/performance-bond

María Eugenia Wachtendorff
Chile
Local time: 16:07
Does not meet criteria
Works in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 329
Notes to answerer
Asker: Thanks for your answer, Maria. I agree that this probably is a performance or surety bond, but unfortunately I received your answer after the deadline. But thanks anyway.

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