1. aval - Noun
2. aval - Adjective
aval (plural avals)
(finance, law) A financial guarantee by a third party to assume the burden of a debt, especially a bill of exchange in the event of default.
aval (not comparable)
(rare) Of, related to, or characteristic of a grandparent.
aval (plural avals)
(finance, law) A financial guarantee by a third party to assume the burden of a debt, especially a bill of exchange in the event of default.
aval (not comparable)
(rare) Of, related to, or characteristic of a grandparent.
The Superintendent for Finance’s imposed the $137,000 fine on the Banco de Occidente, one of the banks of Luis Carlos Sarmiento‘s banking conglomerate Grupo Aval. Source: Internet
GRUPO AVAL ACCI/S posted earnings per share of $0.20 during the same quarter last year, which would indicate a negative year over year growth rate of 55%. Source: Internet