Business, Legal & Accounting Glossary

Definition: Avalize


Full Definition of Avalize

Third party bank or lending institution guarantees buyer obligation to a seller for a loan, purchase agreement or promissory note. When the third party avals the contractual document, it acts as a cosigner for the buyer. Banks or lending institutions will only avalize with extremely lucrative customers, to minimize their own risk.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Avalize. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 08, 2021 https://payrollheaven.com/define/avalize/.
Chicago Manual of Style (CMS):
Avalize. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/avalize/ (accessed: December 08, 2021).
American Psychological Association (APA):
Avalize. PayrollHeaven.com. Retrieved December 08, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/avalize/

Definition Sources

Definitions for Avalize are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.