Spanish term
Fianza General
"Estimados Señores:
Por la presente fianza (en adelante la “Fianza”), los suscriptos nos constituimos en fiadores solidarios, lisos, llanos y principales pagadores de todos los compromisos y obligaciones que XXX ( en adelante el “Deudor”) así como cualquier firma que sea continuadora de sus negocios, mantenga en la actualidad, vencidas o a vencer, o contraiga en el futuro con el Banco YYY. (en adelante, el “Banco”), convirtiéndonos por lo tanto en obligados directos de todas ellas en los mismos términos y condiciones establecidas en la documentación que instrumente cada una de las obligaciones afianzadas y las que a continuación se establecen:"
A ver qué piensan.
Gracias por sus sugerencias de antemano
Claudia
4 | Suretyship | Cristina Zavala |
3 | General Pledge | Ana Vozone |
2 | All-Monies Guarantee ; Blanket Bond, AmE | Adrian MM. |
Proposed translations
General Pledge
https://www.google.com/search?q="general pledge"&oq="general...
A general pledge secures to the pledgee the principal, interest and default interest of all the principal debts of the borrower
The pledger is not liable for the debt with his other property or income. A natural person who gives a general pledge for another person's debts is protected by
Suretyship
Surety= 3. A pledge or formal promise made to secure against loss, damage, or default; a security.
4. One who has contracted to be responsible for another, especially one who assumes responsibilities or debts in the event of another party's default. (American Heritage Dictionary)
https://www.lawinsider.com/clause/surety
SURETY. As additional security for its obligations under this PPP Agreement, the Private Party shall procure that each of the Shareholders shall, on or before the Signature Date, execute the Suretyship in terms of which each of the Shareholders shall bind itself as surety for the Private Party and co-principal debtor in solidum with the Private Party to SANParks for the due and punctual performance by the Private Party of its obligations under this PPP Agreement.
All-Monies Guarantee ; Blanket Bond, AmE
In the UK, an All-Monies Charge would be security that would capture all the Borrower's future lending: mantonio.net/main/all-monies-guarantees-monetary-limits-on-banking-guarantees/
Low confidence as I can't work out if an employees' dishonesty scenario and in which country.
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Note added at 19 hrs (2021-11-12 17:12:07 GMT)
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all the Borrower's future lending : loan debts.....
Transitioning from a blanket guarantee or extended coverage to a limited coverage system
A blanket bond is insurance coverage carried by brokerages and other financial institutions to protect them against losses due to employee dishonesty.
Discussion