cauzione

English translation: minimum performance

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:cauzione
English translation:minimum performance
Entered by: Anthony Green
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15:45 May 15, 2018
Italian to English translations [PRO]
Law/Patents - Law: Contract(s) / atto costitutivo notarile
Italian term or phrase: cauzione
"In particolare l'organo Amministrativo ha facoltà:
(omissis)
di nominare direttori, procuratori ed institori, fissando le condizioni e le attribuzioni e, occorrendo, **le cauzioni**; sospenderli e revocarli;"

It seems to be a fairly standard clause, but I'm not quite sure what the "cauzione" refers to here. Anyone have experience with this term in Articles of Association or clearer ideas than me?
Anthony Green
Italy
Local time: 09:19
restriction/limit
Explanation:
In this context, restrictions or limits on powers granted.
Alison
Selected response from:

Alison Kennedy
Italy
Local time: 09:19
Grading comment
many thanks. Forgive me giving it a lower score but it probably helps future users to realise that we weren't particularly close to the right answr
2 KudoZ points were awarded for this answer



Summary of answers provided
4 +1restriction/limit
Alison Kennedy


  

Answers


6 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
restriction/limit


Explanation:
In this context, restrictions or limits on powers granted.
Alison

Alison Kennedy
Italy
Local time: 09:19
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 227
Grading comment
many thanks. Forgive me giving it a lower score but it probably helps future users to realise that we weren't particularly close to the right answr
Notes to answerer
Asker: my notary friend pointed out that this is a phrase used to refer to a minimum performance clause


Peer comments on this answer (and responses from the answerer)
agree  Daniela Albanese
10 mins

neutral  philgoddard: This fits the context, but I can't find any evidence for it. Doesn't it mean some kind of deposit?
30 mins
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