This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
  1. KudoZ™ Top
  2. Spanish to English
  3. Finance (general)

Contrato de garantía y contrato de garantía real

13:56 Oct 25, 2019
Spanish to English translations [PRO]
Law/Patents - Finance (general) / Contracts
Spanish term or phrase: Contrato de garantía y contrato de garantía real
Hello, I'm translating about contracts and I'm a bit confused between 'garantía' and 'garantía real.' I wonder if 'Contrato de garantía' is 'Guaranty Contract' and 'Contrato de garantía real' is a 'Surety Contract' but I'm not quite sure.
-LOS CONTRATOS DE GARANTÍA. Puede decirse, pues, que los contratos de garantía son aquellos que directamente sirven para asegurar al acreedor el pago de su crédito y para que confíen en el deudor quienes contraten con él.
-Los contratos de garantía real remedian los inconvenientes de los contratos de garantía personal, ya que en éstos subsiste para el acreedor el peligro de no cobrar a causa de la insolvencia de todos los deudores, en tanto que merced a aquellos contratos, que son la prenda y la hipoteca, se afecta o grava un determinado bien del deudor, dotando al acreedor de un verdadero derecho real sobre ese bien, que lo faculta a obtener la venta de dicho bien, y el pago de su crédito con el producto de tal venta, con preferencia a todos los demás acreedores de su deudor.
Alejandra Garza
Mexico
Local time: 08:24


Summary of answers provided
4guarantee and collateral contrat
Francois Boye
3Personal guarantee vs. collateral security or securitis/zation agreement
Adrian MM.


Discussion entries: 2





  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
Personal guarantee vs. collateral security or securitis/zation agreement


Explanation:
Not clear whether this is Mexico or another Hispanic country,

The first one would def. include a personal guarantee/ guaranty, for instance given by company directors for the company's borrowings. Whether a guarantee given by the company itself could considered 'personal' vs. corporate is another matter.

(West) contrato de garantía financiera > financial guarantee contract.
Garantía real > security (garantía real sobre un titíulo ; a security interest in an instrument Note AMM > this would be a securitis/zation or collateralis/zation scenario, whilst is wide enough to embrace a property mortgage / UK land charge.

In the UK, a suretyship would be contained in a Deed under Seal as no 'consideration' - quid pro quo is being given.





Example sentence(s):
  • A personal guarantee is an agreement regarding debts owed. It is used by borrowers to show lenders they intend to pay their company's debts personally.

    Reference: http://www.proz.com/personal-glossaries/entry/15911509-contr...
    Reference: http://agreements.realdealdocs.com/Personal-Guarantee
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 143
Notes to answerer
Asker: Hello Adrian, thank you for your input, and yes, it's for Mexico.

Asker: I meant it was written in Mexico, not for Mexico.

Login to enter a peer comment (or grade)

8 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
guarantee and collateral contrat


Explanation:
In English law, a guarantee is a contract whereby the person (the guarantor) enters into an agreement to pay a debt, or effect the performance of some duty by a third person who is primarily liable for that payment or performance.


https://thelawdictionary.org/collateral-contract/


Francois Boye
United States
Local time: 10:24
Specializes in field
Native speaker of: Native in FrenchFrench
PRO pts in category: 335
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:
ProZ.com term search
Search millions of term translations
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search