suretyship in the Oxford-Paravia Italian Dictionary

Translations for suretyship in the English»Italian Dictionary

suretyship [Brit ˈʃʊərɪtɪʃɪp, ˈʃɔːrətɪʃɪp, Am ˈʃʊrədiˌʃɪp] N

suretyship

fideiussione f

Translations for suretyship in the Italian»English Dictionary

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fideiussione

suretyship

Monolingual examples (not verified by PONS Editors)

English

Among many changes introduced by the new code, the following are likely to have the most significant impact on banks, the most common group of lenders in a suretyship relationship.

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This will also cause significant changes to standard suretyship documents, as penalty payments frequently appear within the scope of the surety's obligations.

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Traditionally, a distinction was made between a suretyship arrangement and that of a guaranty.

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In common law, a surety is discharged if the principal obligation is extinguished due to the accessory nature of the suretyship.

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Sometimes it's not clear from the wording of a guarantee whether it amounts to an on-demand or a suretyship guarantee.

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In theory this means that the creditor can enforce any suretyship for the debts of a company under business rescue against the surety/ies.

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Although not always feasible nor even practical, one useful tool in such situations is to have someone else signing personal suretyship agreements.

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In addition, the surety is now required to gain approval for the suretyship from his or her spouse.

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However, the most important change is the prerequisites set forth for lenders in a several suretyship situation.

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This is because if a surety pays under the suretyship such payment does not constitute a "free pass" to the company.

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