Glossary entry

Italian term or phrase:

polizza fidejussoria a prima escussione

English translation:

surety bond enforceable on (first) demand

Added to glossary by Maria Falvo
Feb 26, 2020 16:35
4 yrs ago
17 viewers *
Italian term

polizza fidejussoria a prima escussione

Italian to English Law/Patents Environment & Ecology autorizzazione ambientale
Decreto

L'impianto, per l'esercizio dell'attività, è subordinato alla presentazione di apposita polizza fidejussoria a prima escussione rilasciata a garanzia di eventuali danni all'ambiente che possano determinarsi nell'esercizio dell'attività..."

Grazie.

Proposed translations

+1
1 hr
Selected

surety bond enforceable on (first) demand

I'm unsure this is an insurance policy or contract of assurance, rather a species of a Deed of Suretyship.

West Lat. Am. etc. SPA > AmE Law & business dictionary: póliza de fianza = surety bond + excusión = defens/ce that the plaintiff must sue the *principal debtor* (contractor) first.

'... without the benefit of division (splitting of the debt or obligation), excusion ('discussion') or of 'order' (guarantor must have exhausted all remedies)' translated in our Madrid law office, in a bout of inverted thinking, as 'expressly accepted primary, personal (even if corporate) and directly enforeable liability'.

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Note added at 1 hr (2020-02-26 18:18:24 GMT)
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directly #enforceable# liability
Example sentence:

SPA > La póliza de fianza es el documento expedido por una afianzadora. Usualmente sirve como garantía del cumplimiento de un contrato fuente.

SPA > El beneficio de excusión es el derecho que tiene el fiador de oponerse a hacer efectiva la fianza en tanto el acreedor no haya ejecutado todos los bienes del deudor.

Peer comment(s):

agree Josephine Cassar
15 hrs
grazie di nuovo and thanks de novo!
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks!"
+1
6 mins

erstrangige Kautionsversicherungspolice

..
Peer comment(s):

neutral Josephine Cassar : wrong language combination
43 mins
agree Adrian MM. : except in another language direction....
1 hr
Something went wrong...
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