Glossary entry

Greek term or phrase:

σύμβαση ασφάλισης εγγυήσεων

English translation:

surety bond (contract)

Added to glossary by Spyros Salimpas
Apr 14, 2022 13:03
2 yrs ago
14 viewers *
Greek term

σύμβαση ασφάλισης εγγυήσεων

Greek to English Bus/Financial Insurance
https://www.google.com/search?q="σύμβαση ασφάλισης εγγυήσεων...

Βρήκα το "surety contract" και θα ήθελα μια δεύτερη γνώμη.

Discussion

Nadia-Anastasia Fahmi Apr 15, 2022:
Οπότε, Σπύρο Επιλέγεις την καλύτερη απάντηση για το κείμενό σου.
Καλή συνέχεια και καλό Σ/Κ εύχομαι!
Spyros Salimpas (asker) Apr 15, 2022:
Καλησπέρα, Νάντια! Όχι, δεν πρόκειται για δάνειο.
Nadia-Anastasia Fahmi Apr 15, 2022:
Καλησπέρα Σπύρο, Διευκρίνισε σε παρακαλώ το θέμα της μετάφρασής σου. Αν είναι οικονομικό π.χ. (τραπεζικό δάνειο), ισχύει το "guarantee insurance contract". Αν αναφέρεται σε έργο και την εκτέλεση του, τότε είναι το "surety bond contract" που λέει ο Peter, δηλαδή, η εγγύηση της καλής εκτέλεσης (A surety bond is a legally binding contract entered into by three parties—the principal, the obligee, and the surety. The obligee, usually a government entity, requires the principal, typically a business owner or contractor, to obtain a surety bond as a guarantee against future work performance.)

Proposed translations

+2
31 mins
Selected

surety bond


A surety bond is both a contract/agreement and a guarantee. See:

See:

https://www.suretybondsdirect.com/educate/what-is-surety-bon...

https://www.suretybonds.com/what-is-a-surety-bond.html

Η εγγύηση είναι μια σύμβαση μεταξύ τριών ή περισσότερων μερών: ενός προμηθευτή κάποιου είδους, του πελάτη του και μιας ασφαλιστικής εταιρείας (οι εγγυητικές
https://www.howdengroup.com/gr-en/proion/asphalisi-engiiseon

Sep 3, 2020 — Η τεχνική εταιρεία (Λήπτης της Ασφάλισης), συνάπτει ασφαλιστήριο συμβόλαιο (ασφαλιστική σύμβαση) με μια ασφαλιστική εταιρεία, ...
https://www.delta-ic.gr/ti-einai-i-asfalisi-eggyhsewn-surety...


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Note added at 20 hrs (2022-04-15 09:18:15 GMT)
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Although a security bond is an agreement or contract between three parties, if you want to emphasise the fact that it is a contract or refer to the contractual terms of the contract you can use the term ‘security bond contract’. See:

22 Οκτ 2019 — There are three parties that make up a surety bond contract. The surety (UFG Surety, for example) guarantees the performance and responsibility ...
https://www.ufginsurance.com/about-ufg/simplesolutionsblog/s...

Read What are surety bonds used for? In;
https://www.ufginsurance.com/about-ufg/simplesolutionsblog/s... And pay particular attention to the third paragraph

Then, see:

5 Σεπ 2017 — If you are a business owner or insurance agent who is new to surety bond insurance you ... One of the parties in a surety bond contract.
https://blog.suretysolutions.com/suretynews/what-do-all-thes...

18 Ιουλ 2016 — There are three parties in a surety bond contract are: The Principal – the party that purchases the bond; The Obligee – the party that ...
https://www.suretybondprofessionals.com/what-you-need-to-kno...

Sureties purchased from an insurance carrier for such a project will provide ... The three parties in a surety bond contract are the principal (usually a ...
https://www.nfp.com/property-and-casualty/surety/blog/obligo...

How do the participants in the surety bond contract benefit? ... local contractor) must pay a premium to the surety, who is typically an insurance company.
https://www.wallstreetprep.com/knowledge/surety-bond/


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Note added at 20 hrs (2022-04-15 09:27:29 GMT)
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So, if you prefer, you can translate ‘σύμβαση ασφάλισης εγγυήσεων’ as ‘surety bond contract’ to emphasise that the document is a contract.
Peer comment(s):

agree Alex Filindras
3 hrs
Thank you, Alex.
neutral Nadia-Anastasia Fahmi : Good morning, Peter. See here https://www.google.com/search?q="guarantee insurance contrac...
16 hrs
Good morning, Nadia. I am sorry, but I disagree. Please read Spyro's Internet reference carefully, and then check the definition of a 'surety bond'. Then read the note that I will add to my answer in about one hour's time.
agree george r. : "security bond contract" indeed.
23 hrs
Thank you, George.
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you, Peter!"
1 hr

contract guarantee insurance

https://www.oxfordreference.com/view/10.1093/oi/authority.20...
An insurance policy designed to guarantee the financial solvency of a contractor during the performance of a contract. If the contractor becomes financially insolvent and cannot complete the work the insurer makes a payment equivalent to the contract price, which enables another contractor to be paid to complete the work. See also credit insurance.

What is a guarantee insurance?
What is guarantee insurance? Guarantee insurance is used as security for the performance of a piece of work, which has been agreed upon in a contract. It is also used as security for advance payments or payments on account for services agreed upon in a contract.
https://tryggaranti.com/guarantee-insurance/

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Note added at 1 ώρα (2022-04-14 14:47:07 GMT)
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ΑΛΛΑ ΥΠΑΡΧΕΙ ΟΜΩΣ ΚΑΙ ΤΟ GUARANTEE OR GRARANTEED BOND
What is a guarantee bond?
A guaranteed bond is a bond that has its timely interest and principal payments backed by a third party, such as a bank or insurance company. The guarantee on the bond removes default risk by creating a back-up payer in the event that the issuer is unable to fulfill its obligation.
https://www.investopedia.com/terms/g/guaranteedbond.asp
Εσύ θα αποφασίσεις αναλόγως το ειδικό και γενικό συγκείμενο που μεταφράζεις.
Peer comment(s):

neutral Nadia-Anastasia Fahmi : Καλημέρα! Διόρθωσε την απάντησή σου. Guarantee insurance contract είναι. https://www.google.com/search?q="guarantee insurance contrac...
15 hrs
Σωστό, συμφωνώ απόλυτα και ευχαριστώ, κεκτημένη ταχύτητα ως συνήθως!
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