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- Aval abstract "Aval (or endorsement), in Spain, is a joint commitment to payment of an obligation in favor of the creditor or beneficiary. It is granted by a third party, in case the principal debtor does not fulfil the obligation of payment of a credit title.The practice of requesting an aval from a prospective borrower has become commonplace since the 2008 global financial crisis.According to the Oxford English Dictionary, the word is derived from the French à val (\"at the bottom\"); according to the Trésor de la langue française, it is probably an abbreviation of the formula à valoir.The development of Aval in French law and the Avallo in Italian law was originally influenced by the Hawala system (an informal value transfer system) in the Muslim Sharia law.The endorsement implies that a third party, known as a surety or guarantor, is jointly liable for the full amount of the debt with the principal debtor. The third party (guarantor) commits himself to cover the payment of the amount of the credit title and its interest, in case the original debtor does not fulfil his or her obligation.Normally the prospective lender may require a guarantor for the loan if the prospective borrower's credit is inadequate. This assures the bank or other lender that, if the borrower defaults, the guarantor can be held responsible for the remainder of the loan left unpaid.".
- Aval wikiPageExternalLink 018text.html.
- Aval wikiPageID "12054481".
- Aval wikiPageLength "2927".
- Aval wikiPageOutDegree "17".
- Aval wikiPageRevisionID "694765827".
- Aval wikiPageWikiLink Beneficiary.
- Aval wikiPageWikiLink Category:Sureties.
- Aval wikiPageWikiLink Credit_(finance).
- Aval wikiPageWikiLink Credit_history.
- Aval wikiPageWikiLink Debt.
- Aval wikiPageWikiLink Financial_crisis_of_2007–08.
- Aval wikiPageWikiLink Hawala.
- Aval wikiPageWikiLink Informal_value_transfer_system.
- Aval wikiPageWikiLink Negotiable_instrument.
- Aval wikiPageWikiLink Oxford_English_Dictionary.
- Aval wikiPageWikiLink Payment.
- Aval wikiPageWikiLink Sharia.
- Aval wikiPageWikiLink Surety.
- Aval wikiPageWikiLink Trésor_de_la_langue_française.
- Aval wikiPageWikiLink Wikt:endorsement.
- Aval wikiPageWikiLinkText "Aval".
- Aval wikiPageWikiLinkText "aval".
- Aval wikiPageUsesTemplate Template:Citation.
- Aval wikiPageUsesTemplate Template:For.
- Aval wikiPageUsesTemplate Template:Law-term-stub.
- Aval wikiPageUsesTemplate Template:Reflist.
- Aval wikiPageUsesTemplate Template:Wiktionary.
- Aval subject Category:Sureties.
- Aval hypernym Commitment.
- Aval type Company.
- Aval type Document.
- Aval type Document.
- Aval type Term.
- Aval comment "Aval (or endorsement), in Spain, is a joint commitment to payment of an obligation in favor of the creditor or beneficiary.".
- Aval label "Aval".
- Aval sameAs Q2328086.
- Aval sameAs Авал.
- Aval sameAs Bankaval.
- Aval sameAs Aval.
- Aval sameAs Abal.
- Aval sameAs Aval.
- Aval sameAs Aval.
- Aval sameAs Awal.
- Aval sameAs Aval.
- Aval sameAs m.09839x.
- Aval sameAs Аваль.
- Aval sameAs Aval.
- Aval sameAs Аваль.
- Aval sameAs Q2328086.
- Aval wasDerivedFrom Aval?oldid=694765827.
- Aval isPrimaryTopicOf Aval.