Definitions for "Aval"
bank guarantee equivalent to a letter of credit
Guarantee added by a bank to an accepted time draft by endorsing the front of the draft "per aval." The avalizing bank becomes obligated to pay the draft at maturity if the drawee/acceptor fails to do so.
Guarantee requested by the bank to approve a mortgage application
Keywords:  guaranty
A guaranty.
Keywords:  average, return, accounting
Avalizor Average accounting return