polizza fidejussoria a prima escussione

English translation: surety bond enforceable on (first) demand

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:polizza fidejussoria a prima escussione
English translation:surety bond enforceable on (first) demand
Entered by: Maria Falvo

16:35 Feb 26, 2020
Italian to English translations [PRO]
Law/Patents - Environment & Ecology / autorizzazione ambientale
Italian term or phrase: polizza fidejussoria a prima escussione
Decreto

L'impianto, per l'esercizio dell'attività, è subordinato alla presentazione di apposita polizza fidejussoria a prima escussione rilasciata a garanzia di eventuali danni all'ambiente che possano determinarsi nell'esercizio dell'attività..."

Grazie.
Maria Falvo
Italy
surety bond enforceable on (first) demand
Explanation:
I'm unsure this is an insurance policy or contract of assurance, rather a species of a Deed of Suretyship.

West Lat. Am. etc. SPA > AmE Law & business dictionary: póliza de fianza = surety bond + excusión = defens/ce that the plaintiff must sue the *principal debtor* (contractor) first.

'... without the benefit of division (splitting of the debt or obligation), excusion ('discussion') or of 'order' (guarantor must have exhausted all remedies)' translated in our Madrid law office, in a bout of inverted thinking, as 'expressly accepted primary, personal (even if corporate) and directly enforeable liability'.

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Note added at 1 hr (2020-02-26 18:18:24 GMT)
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directly #enforceable# liability
Selected response from:

Adrian MM.
Austria
Grading comment
Thanks!
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +1erstrangige Kautionsversicherungspolice
Vittorio Ferretti
4 +1surety bond enforceable on (first) demand
Adrian MM.


Discussion entries: 1





  

Answers


6 mins   confidence: Answerer confidence 5/5 peer agreement (net): +1
erstrangige Kautionsversicherungspolice


Explanation:
..

Vittorio Ferretti
Local time: 08:00
Native speaker of: Native in GermanGerman
PRO pts in category: 12

Peer comments on this answer (and responses from the answerer)
neutral  Josephine Cassar: wrong language combination
43 mins

agree  Adrian MM.: except in another language direction....
1 hr
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
surety bond enforceable on (first) demand


Explanation:
I'm unsure this is an insurance policy or contract of assurance, rather a species of a Deed of Suretyship.

West Lat. Am. etc. SPA > AmE Law & business dictionary: póliza de fianza = surety bond + excusión = defens/ce that the plaintiff must sue the *principal debtor* (contractor) first.

'... without the benefit of division (splitting of the debt or obligation), excusion ('discussion') or of 'order' (guarantor must have exhausted all remedies)' translated in our Madrid law office, in a bout of inverted thinking, as 'expressly accepted primary, personal (even if corporate) and directly enforeable liability'.

--------------------------------------------------
Note added at 1 hr (2020-02-26 18:18:24 GMT)
--------------------------------------------------

directly #enforceable# liability

Example sentence(s):
  • SPA > La póliza de fianza es el documento expedido por una afianzadora. Usualmente sirve como garantía del cumplimiento de un contrato fuente.
  • SPA > El beneficio de excusión es el derecho que tiene el fiador de oponerse a hacer efectiva la fianza en tanto el acreedor no haya ejecutado todos los bienes del deudor.

    Reference: http://eng.proz.com/kudoz/italian-to-english/insurance/25101...
    Reference: http://iate.europa.eu/search/standard/result/1582739623653/2
Adrian MM.
Austria
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4
Grading comment
Thanks!

Peer comments on this answer (and responses from the answerer)
agree  Josephine Cassar
15 hrs
  -> grazie di nuovo and thanks de novo!
Login to enter a peer comment (or grade)



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