monetary assurance
[ˈmʌnɪteri əˈʃʊrəns]
nounpl: monetary assurances
garantia monetária
1. A financial guarantee or pledge that money will be provided or secured for a specific purpose or obligation
The bank provided monetary assurance to back the construction project.
O banco forneceu garantia monetária para respaldar o projeto de construção.
2. A promise or commitment backed by financial resources to ensure payment or compensation
The insurance company offered monetary assurance against potential losses.
A companhia de seguros ofereceu garantia monetária contra possíveis perdas.
3. Financial security or collateral provided to guarantee fulfillment of an agreement
Monetary assurance was required before the contract could be finalized.
A garantia monetária foi exigida antes que o contrato pudesse ser finalizado.
In Brazilian financial and legal contexts, 'garantia monetária' is a formal term used extensively in banking, insurance, and contract law. It reflects the importance of financial security in business transactions. In Portugal, the term 'caução' is often preferred in legal documents, emphasizing the deposited security aspect of the arrangement.
Related Idioms & Phrases
put up monetary assurance
provide monetary assurance
back something with monetary assurance
monetary assurance against liability
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