Glossary entry

Portuguese term or phrase:

carta de fiança bancária

English translation:

Bank Guarantee Letter

Added to glossary by André Fernandes
Apr 4, 2007 00:10
17 yrs ago
27 viewers *
Portuguese term

carta de fiança bancária

Portuguese to English Law/Patents Law: Contract(s)
I have thought of "bond letter" and "letter of credit" - which would be better, or would another option be best?

The phrase reads:

Quando optar por carta de fiança bancária, a mesma deverá ser emitida em favor do Proponente ou integrante de Consórcio por banco comercial, de investimento ou múltiplo, devendo fazê-lo para cada Lote pretendido.

Discussion

Paul Dixon (asker) Apr 4, 2007:
Context The context is a tender process for service provision.

Proposed translations

+4
30 mins
Selected

Bank Guarantee Letter

I guess "letter of credit" works in this contexte. This is just another option "Bank Guarantee Letter"
Example sentence:

Bank Guarantee Letter: The document furnished by a bank certifying that a put writer has enough funds on deposit at the bank to equal the aggregate exercise price of the put.

Peer comment(s):

agree Henrique Magalhaes
7 hrs
Obrigado Henrique
agree SONIA VIEIRA : sonia vieira
8 hrs
Obrigado Sónia
agree Ben Kohn : definitely
10 hrs
Obrigado Ben
agree Cristina Santos
13 hrs
Obrigado Cristina
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4 KudoZ points awarded for this answer. Comment: "Selected automatically based on peer agreement."
1 hr

Approval Letter

If you are talking about real estate purchase, the correct term is approval letter, which means that the bank has already agreed to give you a line of credit (up to a certain ammount) for the purchase of a particular propery (you might or might not have the information on the exact property, it all depends on how soon you apply for credit). Not to confuse with qualifying letter, which is just a statement that in general you might qualify for a loan, but not a garantee of the loan yet.

See examples bellow:

Approval LettersTo apply for an Approval Letter, a Federal Home Loan Bank or the Office of ... Approval Letters are numbered in sequence by year with the prefix “APP”, ...
www.fhfb.gov/Default.aspx?Page=72 - 13k - Cached - Similar pages

Online mortgage pre approval letter | financing commitment nowFast, easy..issue instant upfront pre approval, lender commitment letter, qualify. Conforming, Jumbo, FHA, VA, no doc, investment property, second home, ...
www.choicefinance.net/tools/pre-approval.html - 16k - Cached - Similar pages
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+1
4 hrs

letter of credit

Peer comment(s):

agree Carla Queiro (X) : This is what I always use
14 hrs
Thanks :-)Carla, me too!
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10 hrs

Letter of Guarantee

Along the other suggestions.
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1094 days

security bond

A surety bond is a contract among at least three parties:
The principal - the primary party who will be performing a contractual obligation
The obligee - the party who is the recipient of the obligation, and
The surety - who ensures that the principal's obligations will be performed.


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Note added at 1094 dias (2010-04-02 20:30:27 GMT) Post-grading
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Sorry I meant SURITY BOND
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