About us Privacy Disclaimer Contact us
Home FAQ Advertising Feedback

  You are here: Home > Business terms > Aval

Term: Accounting -> Aval
Term:

Aval

Definition:

Aval is a term meaning inseparable from the financial instrument. This gives a guarantee and is abstracted from the performance of the underlying trade contract: Article 31 of the 1930 Geneva Convention of the Bills Of Exchange states that the aval can be written on the bill itself or on an allonge. US Banks are prohibited from avalizing drafts.

Related terms:

Audit Risk

Journalizing
Useful articles:
»Rules of the Game
»Gather Support to Reach Your Career Destiny
»People Buy From People They Trust
»How To Get Your New Agents Productive In Under 30 Days


Capital gain
Student Loan
Phone Bill


Browse by categories
Accounting
Advertising
Banking
Bankruptcy
E-Commerce
Economics
Finance
Law
Investment
Insurance
Marketing
Real estate
Statistic
Trade
Purchasing


ABCDEFGHIJKLMNOPQRSTUVWXYZ

Business terms

Accounting

Advertising

Banking

Bankruptcy

E-Commerce

Economics

Finance

Law

Investment

Insurance

Marketing

Real estate

Statistic

Trade

Purchasing

Business Articles

Business calculators

  Disclaimer | Privacy | Terms of useCopyright © 2004 Business-terms.net