abstrakte Garantie
English translation: non-accessory guarantee
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| 18:25 Mar 26, 2007 |
| German to English translations [PRO] Bus/Financial - Law: Contract(s) | |||||||
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|  Selected response from: Kim Metzger Mexico Local time: 22:30 | ||||||
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| 4 | free-standing guarantee (no underlying debt) |
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| 3 | non-accessory guarantee |
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Answers
7 mins confidence: 
| abstrakte garantie non-accessory guarantee Explanation: According to Zahn. Zahn - Bank- und Börsenwesen |
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42 mins confidence:
free-standing guarantee (no underlying debt) Explanation: Zahn's glossary entry of a 'first demand payment obligation' should be treated with caution. The web ref. says no underlying debt is required. Example sentence(s):
Reference: http://www.oenb.at/de/img/lf_ksr_slowenien_tcm14-22883.pdf Reference: http://www.eib.europa.eu/Attachments/efs/eibpapers/y98n2v3/y... |
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