Aug 9, 2002 16:26
22 yrs ago
4 viewers *
French term

garantie bancaire

Non-PRO French to English Law/Patents documents
FORMULE DE LETTRE DE GARANTIE BANCAIRE

(It's part of the requirements to bid in a project.)

Proposed translations

+2
1 min
Selected

bank guarantee

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Note added at 2002-08-09 16:27:43 (GMT)
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Termium

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Note added at 2002-08-09 16:28:26 (GMT)
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Anglais :Effets de commerce (Droit)
Banque
Nationalité et immigration
Commerce extérieur

bank guarantee s CORRECT



DEF - An instrument issued by a financial institution to guarantee the exporter\'s performance under a contract. The foreign buyer is normally the beneficiary of this instrument. s
EX - first-class bank guarantee s
CONT - A bank guarantee testifies to the supplier\'s ability to perform the contract. ... The principal stands to lose the guarantee amount if he fails to fulfil the contract terms. ... If the principal fails to fulfil his contractual obligations, the buyer has the right to demand payment of the guarantee amount, which will compensate him wholly or in part for the financial consequences of the breach of contract. s

1998-08-07
Peer comment(s):

agree Linda Young (X)
1 min
agree spencer
7 mins
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4 KudoZ points awarded for this answer. Comment: "Merci, Gilles! Gilles helpful as usual!"
16 mins

bank guarantee / bank guaranty

Either or, but in U.S. English of course "guarantee" is the correct spelling.
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