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  3. Finance (general)

caution

English translation: bail/bond/pledge/surety/guarantee/security.............

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:caution
English translation:bail/bond/pledge/surety/guarantee/security.............
Entered by: MikeGarcia

17:09 Mar 29, 2007
French to English translations [PRO]
Bus/Financial - Finance (general) / bank guarantees
French term or phrase: caution
This just isn't clear to me:
La cession est dès lors soumises à la condition suspensive stipulées en faveur des Cédants, soit (i) à la substitution dument acceptée par LA BANQUE du Cessionnaire à la sté SCI dans le cadres des garanties accordées * aux lieu et place de la Caution ou de la mainlevée de la Caution par la Banque *soit (ii)...
All shares in a company are going to be transferred. I can understand that the Transferee is going to replace the Transferors in the bank guarantees that already exist but then I get blocked. Is it just that the guarantees with the change of name will remain instead of a new guarantee or cancellation of the guarantee by the Bank?
Zonia Clissold
Local time: 06:51
bail/bond/pledge/surety/guarantee/security.............
Explanation:
The transferee will be accepted by the bank within the scope of the xxx guarantees agreed to replace the "caution" or its cancellation.
That's my understanding.-
Selected response from:

MikeGarcia
Spain
Local time: 06:51
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +6bail/bond/pledge/surety/guarantee/security.............
MikeGarcia


Discussion entries: 1





  

Answers


9 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +6
bail/bond/pledge/surety/guarantee/security.............


Explanation:
The transferee will be accepted by the bank within the scope of the xxx guarantees agreed to replace the "caution" or its cancellation.
That's my understanding.-

MikeGarcia
Spain
Local time: 06:51
Specializes in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 28
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  Anca Nitu: I would just call it a bank guarantee
1 min
  -> Many thanks.- Merci beaucoup.-
agree  DCypher (X): Yes. This is a precondition of sale. Bank guarantees are to be transferred to the name of the purchaser or cancelled. My understanding also
10 mins
  -> Thanks, Paul.-
agree  Val Traductions
12 mins
  -> Merci, Valérie.-
agree  Vicky Papaprodromou
46 mins
  -> Merci, Vicky.-
agree  AllegroTrans
1 hr
  -> Merci, AllegroTrans.-
agree  Julie Barber
3 hrs
  -> Merci, Julie.-
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