Avalar

Av al ar is a verb used in several Romance languages, notably Spanish and Portuguese, meaning to guarantee, endorse, or back a person or obligation. The term is common in legal and financial contexts, where a marshal or guarantor provides a form of security for a debtor’s obligation.

In financial practice, av al ar refers to a guarantee provided by a third party, who commits to satisfy the debtor’s obligation if the primary party fails to do so. The guarantor is often called the avalista or garan te, and the guarantee can apply to instruments such as promissory notes, bills of exchange, or loans. Banks or financial institutions frequently provide an aval as part of lending arrangements, and the guarantor assumes liability for the debt if the debtor defaults. The presence of an aval can affect credit terms, risk assessment, and recourse procedures in civil and commercial law.

Beyond finance, av al ar is used more broadly to mean vouching for someone’s reliability or endorsing a proposal, project, or claim. In everyday language, people may say they will av al a friend’s application or support a candidate by providing an aval.

Etymology traces the concept to notions of value and security, reflecting the role of a guarantor in adding credibility and financial backing to a transaction. The exact legal effects of giving an aval vary by jurisdiction, but the core idea remains a formal promise to assume responsibility if the principal party fails to meet an obligation.