Aval de oferta / Aval de garantía / Garantía
English translation: bid bond/performance bond/gurantee
| 13:30 Dec 8, 2016 |
| Spanish to English translations [PRO] Law/Patents - Law: Contract(s) | |||||||
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|  Selected response from: Octavio Armendariz United States Local time: 23:52 | ||||||
Grading comment
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| Summary of answers provided | ||||
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| 4 | tender guarantee/warranty guarantee/ guarantee |
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| 4 | bid bond/performance bond/gurantee |
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| 2 | Bid bond/guarantee/Collateral |
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| Discussion entries: 1 | |
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Answers
1 hr confidence: 
tender guarantee/warranty guarantee/ guarantee Explanation: What is the difference between warranty and guarantee? A warranty is a promise or guarantee given. A warranty is usually a written guarantee for a product and declares the maker’s responsibility to repair or replace a defective product or its parts. A guarantee is an agreement assuming responsibility to perform, execute, or complete something and offering security for that agreement. It is a promise or an assurance, especially one given in writing, that attests to the quality or durability of a product or service, or a pledge that something will be performed in a specified manner. A guaranty is an undertaking or promise that is the answer to or payment for a debt or default. A guaranty is also something given or held as security until a debt is paid or the performance of a duty is fulfilled. By the way, warrantee is the person to whom a warranty is made and guarantee is one who makes a guaranty. |
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6 hrs confidence:
bid bond/performance bond/gurantee Explanation: Those are the equivalents in U.S. English See the links below for definitions When you bid/tender on a contract you have to supply a bid bond and then when you get awarded the contract you supply a performance bond. -------------------------------------------------- Note added at 9 hrs (2016-12-08 22:35:48 GMT) -------------------------------------------------- I mispelled guarantee. Sorry! -------------------------------------------------- Note added at 9 hrs (2016-12-08 22:36:54 GMT) -------------------------------------------------- And I misspelled misspelled. Reference: http://www.investopedia.com/terms/b/bid-bond.asp?lgl=no-infi... https://en.wikipedia.org/wiki/Performance_bond |
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2 days 14 hrs confidence:
Bid bond/guarantee/Collateral Explanation: Fianza de licitación, caución de licitación, aval de oferta: Garantía proporcionada por un tercero (por lo general un banco) a pedido del vendedor para pagar parte del precio de compra, que oscila por lo general entre 5 y 10% como compensación al comprador, si el vendedor, que ha aceptado la oferta del comprador, no desea o no puede cumplir con los términos de la licitación y emprender la entrega o la ejecución del contrato. Las fianzas de licitación se emplean en la financiación de exportaciones. English: Bid bond Français: Caution de soumission http://legacy.intracen.org/tfs/docs/glossary/fs.htm La función fundamental de presentar un aval es una garantía para que el avalado pueda adquirir la obligación, ya que, si el deudor principal no paga el crédito, se puede exigir la satisfacción de la deuda al avalista. https://debitoor.es/glosario/definicion-aval Guarantee is a legal term more comprehensive and of higher import than either warranty or "security". It most commonly designates a private transaction by means of which one person, to obtain some trust, confidence or credit for another, engages to be answerable for him. https://en.wikipedia.org/wiki/Guarantee Una garantía es un contrato mediante el cual se pretende dotar de una mayor seguridad al cumplimiento de un pago de una deuda. https://es.wikipedia.org/wiki/Garantía In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan.[1][2] The collateral serves as a lender's protection against a borrower's default—that is, it can be used to offset the loan if the borrower fails to pay the principal and interest satisfactorily under the terms of the lending agreement. https://en.wikipedia.org/wiki/Collateral_(finance) |
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