Guarantee Flashcards
Guarantee
A promise by a guarantor to fulfill obligations or pay compensation if the principal party fails to meet their responsibilities.
The bank issued a guarantee for the construction project
ضمانتنامه
Obligation
A responsibility or duty that a person or company must fulfill
The contractor has an obligation to complete the project on time.”
(تعهد)
Default
Failure to meet obligations, such as not paying a loan or not completing a contract.
The company defaulted on its loan payments
نکول
Indemnity
Compensation paid for loss or damage caused by failing to fulfill obligations.
“The guarantor paid indemnity to the beneficiary
غرامت
Liability
Legal responsibility to pay for damages or fulfill obligations
The company has liability for any delays in the project
مسئولیت
Performance Guarantee
ضمانتنامه حسن انجام کار
Completion Date
The date by which a project or task must be finished
The completion date is set for December 31st
تاریخ تکمیل
Contract Terms
The rules and conditions that must be followed in an agreement.
All contract terms were agreed upon before signing
شرایط قرارداد
Penalty
A fine or payment required for failing to meet obligations
“The contractor paid a penalty for the delay
جریمه
Financial Guarantee
ضمانتنامه مالی
Debt
Money that must be repaid
The company has a large debt to the bank
بدهی
Repayment Schedule
A timeline showing when debt payments must be made
The loan repayment schedule is monthly
برنامه بازپرداخت
Interest
The cost of borrowing money, usually expressed as a percentage.
The loan has a 5% interest rate
بهره
Bid Bond
ضمانتنامه شرکت در مناقصه
Tender
The process of submitting an offer to complete a project
“Several companies submitted tenders for the project
مناقصه
