Aval

Term meaning inseparable from the financial instrument. This gives a guarantee and is abstracted from the performance of the underlying trade contract: Article 31 of the 1930 Geneva Convention of the Bills Of Exchange states that the aval can be written on the bill itself or on an allonge. US Banks are prohibited from avalizing drafts.
Found on http://www.duke.edu/~charvey/Classes/wpg/bfglosa.htm

Aval

Aval (or endorsement), in Spain, is a joint commitment to payment of an obligation in favor of the creditor or beneficiary. It is granted by a third party, in case the principal debtor does not fulfil the obligation of payment of a credit title. The practice of requesting an aval from a prospective borrower has become commonplace since the 2008 gl...
Found on http://en.wikipedia.org/wiki/Aval

aval

of, like or pertaining to a grandparent
Found on http://phrontistery.info/a.html
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