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10:19 May 28, 2015 |
Polish to English translations [PRO] Law/Patents - Law: Contract(s) / business agreements | |||||||
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| Selected response from: TechLawDC United States Local time: 19:36 | ||||||
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Summary of answers provided | ||||
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4 +1 | surety contract; cosignor agreement; guaranty contract |
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Discussion entries: 3 | |
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umowa gwarancyjna surety contract; cosignor agreement; guaranty contract Explanation: (google: "define surety contract" etc.) -------------------------------------------------- Note added at 15 mins (2015-05-28 10:34:47 GMT) -------------------------------------------------- --- A surety contract is a legally binding agreement that the signee will accept responsibility for another individual's contractual obligations, usually the payment of a loan if the principal borrower falls behind or defaults. The person who signs this type of contract is more commonly referred to as a cosigner. What are Surety Contracts? - FindLaw consumer.findlaw.com/credit-banking.../what-are-surety-contracts.html --- guaranty legal definition of guaranty legal-dictionary.thefreedictionary.com/guaranty A guaranty is a contract that some particular thing shall be done exactly as it is agreed to be done, whether it is to be done by one person or another, and ... ------ 4th alternative: financial guarantee contract. --- Financial guarantee contracts and credit insurance - IAS Plus www.iasplus.com/.../ias-39-financial-guarantee-contracts-an... Financial guarantee contracts (sometimes known as 'credit insurance') require the issuer to make specified payments to reimburse the holder for a loss it incurs if a specified debtor fails to make payment when due under the original or modified terms of a debt instrument. ----- (More context is needed to distinguish between (1, 2), 3, and 4.) -------------------------------------------------- Note added at 16 mins (2015-05-28 10:35:42 GMT) -------------------------------------------------- cosigner is an alternate spelling of "cosignor". |
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