σύμβαση ασφάλισης εγγυήσεων

English translation: surety bond (contract)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Greek term or phrase:σύμβαση ασφάλισης εγγυήσεων
English translation:surety bond (contract)
Entered by: Spyros Salimpas

13:03 Apr 14, 2022
Greek to English translations [PRO]
Bus/Financial - Insurance
Greek term or phrase: σύμβαση ασφάλισης εγγυήσεων
https://www.google.com/search?q="σύμβαση ασφάλισης εγγυήσεων...

Βρήκα το "surety contract" και θα ήθελα μια δεύτερη γνώμη.
Spyros Salimpas
Local time: 06:03
surety bond
Explanation:

A surety bond is both a contract/agreement and a guarantee. See:

See:

https://www.suretybondsdirect.com/educate/what-is-surety-bon...

https://www.suretybonds.com/what-is-a-surety-bond.html

Η εγγύηση είναι μια σύμβαση μεταξύ τριών ή περισσότερων μερών: ενός προμηθευτή κάποιου είδους, του πελάτη του και μιας ασφαλιστικής εταιρείας (οι εγγυητικές
https://www.howdengroup.com/gr-en/proion/asphalisi-engiiseon

Sep 3, 2020 — Η τεχνική εταιρεία (Λήπτης της Ασφάλισης), συνάπτει ασφαλιστήριο συμβόλαιο (ασφαλιστική σύμβαση) με μια ασφαλιστική εταιρεία, ...
https://www.delta-ic.gr/ti-einai-i-asfalisi-eggyhsewn-surety...


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Note added at 20 hrs (2022-04-15 09:18:15 GMT)
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Although a security bond is an agreement or contract between three parties, if you want to emphasise the fact that it is a contract or refer to the contractual terms of the contract you can use the term ‘security bond contract’. See:

22 Οκτ 2019 — There are three parties that make up a surety bond contract. The surety (UFG Surety, for example) guarantees the performance and responsibility ...
https://www.ufginsurance.com/about-ufg/simplesolutionsblog/s...

Read What are surety bonds used for? In;
https://www.ufginsurance.com/about-ufg/simplesolutionsblog/s... And pay particular attention to the third paragraph

Then, see:

5 Σεπ 2017 — If you are a business owner or insurance agent who is new to surety bond insurance you ... One of the parties in a surety bond contract.
https://blog.suretysolutions.com/suretynews/what-do-all-thes...

18 Ιουλ 2016 — There are three parties in a surety bond contract are: The Principal – the party that purchases the bond; The Obligee – the party that ...
https://www.suretybondprofessionals.com/what-you-need-to-kno...

Sureties purchased from an insurance carrier for such a project will provide ... The three parties in a surety bond contract are the principal (usually a ...
https://www.nfp.com/property-and-casualty/surety/blog/obligo...

How do the participants in the surety bond contract benefit? ... local contractor) must pay a premium to the surety, who is typically an insurance company.
https://www.wallstreetprep.com/knowledge/surety-bond/


--------------------------------------------------
Note added at 20 hrs (2022-04-15 09:27:29 GMT)
--------------------------------------------------


So, if you prefer, you can translate ‘σύμβαση ασφάλισης εγγυήσεων’ as ‘surety bond contract’ to emphasise that the document is a contract.
Selected response from:

Peter Close
Local time: 06:03
Grading comment
Thank you, Peter!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2surety bond
Peter Close
4contract guarantee insurance
Anastasia Kalantzi


Discussion entries: 3





  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
contract guarantee insurance


Explanation:
https://www.oxfordreference.com/view/10.1093/oi/authority.20...
An insurance policy designed to guarantee the financial solvency of a contractor during the performance of a contract. If the contractor becomes financially insolvent and cannot complete the work the insurer makes a payment equivalent to the contract price, which enables another contractor to be paid to complete the work. See also credit insurance.

What is a guarantee insurance?
What is guarantee insurance? Guarantee insurance is used as security for the performance of a piece of work, which has been agreed upon in a contract. It is also used as security for advance payments or payments on account for services agreed upon in a contract.
https://tryggaranti.com/guarantee-insurance/

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Note added at 1 ώρα (2022-04-14 14:47:07 GMT)
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ΑΛΛΑ ΥΠΑΡΧΕΙ ΟΜΩΣ ΚΑΙ ΤΟ GUARANTEE OR GRARANTEED BOND
What is a guarantee bond?
A guaranteed bond is a bond that has its timely interest and principal payments backed by a third party, such as a bank or insurance company. The guarantee on the bond removes default risk by creating a back-up payer in the event that the issuer is unable to fulfill its obligation.
https://www.investopedia.com/terms/g/guaranteedbond.asp
Εσύ θα αποφασίσεις αναλόγως το ειδικό και γενικό συγκείμενο που μεταφράζεις.

Anastasia Kalantzi
Greece
Local time: 06:03
Native speaker of: Greek
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
neutral  Nadia-Anastasia Fahmi: Καλημέρα! Διόρθωσε την απάντησή σου. Guarantee insurance contract είναι. https://www.google.com/search?q="guarantee insurance contrac...
15 hrs
  -> Σωστό, συμφωνώ απόλυτα και ευχαριστώ, κεκτημένη ταχύτητα ως συνήθως!
Login to enter a peer comment (or grade)

31 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
surety bond


Explanation:

A surety bond is both a contract/agreement and a guarantee. See:

See:

https://www.suretybondsdirect.com/educate/what-is-surety-bon...

https://www.suretybonds.com/what-is-a-surety-bond.html

Η εγγύηση είναι μια σύμβαση μεταξύ τριών ή περισσότερων μερών: ενός προμηθευτή κάποιου είδους, του πελάτη του και μιας ασφαλιστικής εταιρείας (οι εγγυητικές
https://www.howdengroup.com/gr-en/proion/asphalisi-engiiseon

Sep 3, 2020 — Η τεχνική εταιρεία (Λήπτης της Ασφάλισης), συνάπτει ασφαλιστήριο συμβόλαιο (ασφαλιστική σύμβαση) με μια ασφαλιστική εταιρεία, ...
https://www.delta-ic.gr/ti-einai-i-asfalisi-eggyhsewn-surety...


--------------------------------------------------
Note added at 20 hrs (2022-04-15 09:18:15 GMT)
--------------------------------------------------


Although a security bond is an agreement or contract between three parties, if you want to emphasise the fact that it is a contract or refer to the contractual terms of the contract you can use the term ‘security bond contract’. See:

22 Οκτ 2019 — There are three parties that make up a surety bond contract. The surety (UFG Surety, for example) guarantees the performance and responsibility ...
https://www.ufginsurance.com/about-ufg/simplesolutionsblog/s...

Read What are surety bonds used for? In;
https://www.ufginsurance.com/about-ufg/simplesolutionsblog/s... And pay particular attention to the third paragraph

Then, see:

5 Σεπ 2017 — If you are a business owner or insurance agent who is new to surety bond insurance you ... One of the parties in a surety bond contract.
https://blog.suretysolutions.com/suretynews/what-do-all-thes...

18 Ιουλ 2016 — There are three parties in a surety bond contract are: The Principal – the party that purchases the bond; The Obligee – the party that ...
https://www.suretybondprofessionals.com/what-you-need-to-kno...

Sureties purchased from an insurance carrier for such a project will provide ... The three parties in a surety bond contract are the principal (usually a ...
https://www.nfp.com/property-and-casualty/surety/blog/obligo...

How do the participants in the surety bond contract benefit? ... local contractor) must pay a premium to the surety, who is typically an insurance company.
https://www.wallstreetprep.com/knowledge/surety-bond/


--------------------------------------------------
Note added at 20 hrs (2022-04-15 09:27:29 GMT)
--------------------------------------------------


So, if you prefer, you can translate ‘σύμβαση ασφάλισης εγγυήσεων’ as ‘surety bond contract’ to emphasise that the document is a contract.

Peter Close
Local time: 06:03
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 28
Grading comment
Thank you, Peter!

Peer comments on this answer (and responses from the answerer)
agree  Alex Filindras
3 hrs
  -> Thank you, Alex.

neutral  Nadia-Anastasia Fahmi: Good morning, Peter. See here https://www.google.com/search?q="guarantee insurance contrac...
16 hrs
  -> Good morning, Nadia. I am sorry, but I disagree. Please read Spyro's Internet reference carefully, and then check the definition of a 'surety bond'. Then read the note that I will add to my answer in about one hour's time.

agree  george r.: "security bond contract" indeed.
23 hrs
  -> Thank you, George.
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