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garantía abstracta a primer requerimiento

English translation: first demand abstract guarantee


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:garantía abstracta a primer requerimiento
English translation:first demand abstract guarantee
Entered by: Marian Greenfield
Options:
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11:06 Dec 28, 2004
Spanish to English translations [PRO]
Bus/Financial - Finance (general)
Spanish term or phrase: garantía abstracta a primer requerimiento
a type of performance bond mentioned in gen. conditions of contract of a spanish company
tyrian
first demand abstract guarantee
Explanation:
Commercial-Business law
... to challenge the claim of the beneficiary of a first-demand guarantee by ... an obligation
having the same nature – ie an abstract guarantee – and content as ...
www.italrecht.com/commercial law-business-law.htm - 65k - Cached - Similar pages

[PDF] Order to issue a bank guarantee
File Format: PDF/Adobe Acrobat
... 1. Important features of the different types of guarantees If the beneficiary of
an abstract guarantee (that is a guarantee payable on first demand whereby the ...
www.ubs.com/.../trade_exportfinance/anfrage_ auftrag?contentId=36291&name=anfrage_auftrag.Referenz28.pdf - Similar pages

[PDF] Bank guaranty
File Format: PDF/Adobe Acrobat - View as HTML
... accessory surety even if the usual clause "on first demand, without examination ... dealings
- held that the guaranty qualifies as an abstract guarantee which is ...
www.opf.at/cgi-bin/script/download.pl?id=1_ financing&subid=1_banking&itemid=bankguaranty - Similar pages

BANK GUARANTEES IN A NUTSHELL
... of it’s customer’s obligation; this is called an “abstract” guarantee (ie the ... irrevocably
undertake to pay to you, upon you first demand, any amount up ...
www.valorgroup.biz/vagairepdeu-mar04-009.htm - 56k - Supplemental Result - Cached - Similar pages

Law Offices of Robert Townsend
... of it’s customer’s obligation; this is called an “abstract” guarantee (ie the ... purpose
as a bank guarantee: it is payable upon first demand and without ...
townsend-law.netfirms.com/slc.htm - 83k - Supplemental Result - Cached - Similar pages

Loan Guarantee Funding, Bank Guarantee
... of it’s customer’s obligation; this is called an “abstract” guarantee (ie the ... Bank}
hereby irrevocably undertake to pay you on first demand the amount ...
www.loanguaranteefunding.com/bank_guarantee.htm - 46k - Cached - Similar pages
Selected response from:

Marian Greenfield
Local time: 02:56
Grading comment
Great, thanks, just the job.
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +2first demand abstract guarantee
Marian Greenfield
4stand-alone guarantee enforceable on demand
Tom Thumb


  

Answers


1 hr   confidence: Answerer confidence 5/5 peer agreement (net): +2
first demand abstract guarantee


Explanation:
Commercial-Business law
... to challenge the claim of the beneficiary of a first-demand guarantee by ... an obligation
having the same nature – ie an abstract guarantee – and content as ...
www.italrecht.com/commercial law-business-law.htm - 65k - Cached - Similar pages

[PDF] Order to issue a bank guarantee
File Format: PDF/Adobe Acrobat
... 1. Important features of the different types of guarantees If the beneficiary of
an abstract guarantee (that is a guarantee payable on first demand whereby the ...
www.ubs.com/.../trade_exportfinance/anfrage_ auftrag?contentId=36291&name=anfrage_auftrag.Referenz28.pdf - Similar pages

[PDF] Bank guaranty
File Format: PDF/Adobe Acrobat - View as HTML
... accessory surety even if the usual clause "on first demand, without examination ... dealings
- held that the guaranty qualifies as an abstract guarantee which is ...
www.opf.at/cgi-bin/script/download.pl?id=1_ financing&subid=1_banking&itemid=bankguaranty - Similar pages

BANK GUARANTEES IN A NUTSHELL
... of it’s customer’s obligation; this is called an “abstract” guarantee (ie the ... irrevocably
undertake to pay to you, upon you first demand, any amount up ...
www.valorgroup.biz/vagairepdeu-mar04-009.htm - 56k - Supplemental Result - Cached - Similar pages

Law Offices of Robert Townsend
... of it’s customer’s obligation; this is called an “abstract” guarantee (ie the ... purpose
as a bank guarantee: it is payable upon first demand and without ...
townsend-law.netfirms.com/slc.htm - 83k - Supplemental Result - Cached - Similar pages

Loan Guarantee Funding, Bank Guarantee
... of it’s customer’s obligation; this is called an “abstract” guarantee (ie the ... Bank}
hereby irrevocably undertake to pay you on first demand the amount ...
www.loanguaranteefunding.com/bank_guarantee.htm - 46k - Cached - Similar pages



    24 years experience, most of it managing translation at an investment bank
Marian Greenfield
Local time: 02:56
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 1524
Grading comment
Great, thanks, just the job.

Peer comments on this answer (and responses from the answerer)
agree  Lawrence Lilue: Synonyms for "abstract" in this context are independent or non-accessory. A guarantor’s obligation is abstract in the sense that it is independent of the underlying legal relationship between the creditor and the debtor.
2 hrs
  -> great explanation... thanks.

agree  xxxErin05
3 hrs
  -> thanks
Login to enter a peer comment (or grade)

11 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
stand-alone guarantee enforceable on demand


Explanation:
No real need for the first (demand).

As Lawrence, unsupported by an underlying transaction or dealing.

Quote: ... question. This may be easy, for example, in the case of a stand-alone guarantee issued for an arm’s length premium. However, when ...



    Reference: http://www.grantthornton.com/downloads/FIN45_82138.pdf
Tom Thumb
Local time: 08:56
Native speaker of: Native in EnglishEnglish
PRO pts in category: 51
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