contractual security
[/kənˈtræktʃuəl sɪˈkjʊrɪti/]
nounfemininepl: contractual securities
segurança contratual
1. Legal assurance or protection provided by the terms and conditions of a contract, ensuring parties will fulfill their obligations
The contractual security clause guarantees that both parties will adhere to the agreement's terms.
A cláusula de segurança contratual garante que ambas as partes cumprir os termos do acordo.
2. A pledge, collateral, or guarantee offered as assurance for the performance of contractual obligations
The supplier provided contractual security through a bank guarantee.
O fornecedor forneceu segurança contratual através de uma garantia bancária.
3. In financial contexts, instruments or mechanisms that protect creditors in case of default on contractual obligations
The loan agreement included contractual security measures such as liens and mortgages.
O acordo de empréstimo incluiu medidas de segurança contratual, como penhor e hipoteca.
In Brazilian commercial practice, contractual security is a fundamental element in business contracts, particularly in banking, construction, and supply chain agreements. It reflects the importance placed on legal certainty and protection of creditors' interests. Portuguese law similarly emphasizes contractual security measures, with strict regulations governing the enforcement of these protections through judicial procedures.
Related Idioms & Phrases
contractual security deposit
breach of contractual security
enforce contractual security
waive contractual security
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