collective guarantee
[/kəˈlɛktɪv ɡærənˈtiː/]
nounpl: collective guarantees
garantia coletiva
1. A legal arrangement where a group of people or entities jointly assume responsibility for fulfilling an obligation or debt, making each member liable for the entire amount
The union negotiated a collective guarantee for the workers' pension fund.
O sindicato negociou uma garantia coletiva para o fundo de pensão dos trabalhadores.
2. A mutual assurance or pledge made by members of a group to support a common cause or obligation
The member states provided a collective guarantee to maintain the stability of the eurozone.
Os estados-membros forneceram uma garantia coletiva para manter a estabilidade da zona do euro.
3. In employment law, a joint commitment by employers or an industry to uphold certain labor standards or worker protections
The industry established a collective guarantee for workplace safety standards.
A indústria estabeleceu uma garantia coletiva para os padrões de segurança no trabalho.
In Brazil, collective guarantees are common in labor relations, union agreements, and financial cooperatives. In Portugal and the EU, they appear frequently in eurozone stability mechanisms and employment directives. The concept reflects the importance of collective responsibility and solidarity in both business and social contexts.
Related Idioms & Phrases
strength in numbers - referencing the collective nature of the guarantee
putting all eggs in one basket - when members share liability
back to the wall - situation requiring collective guarantee support
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