THE GUARANTEE BANKING SYSTEM
IN CREDITING PROCESS
THE GUARANTEE BANKING SYSTEM
IN CREDITING PROCESS
Author(s): Alexandra Roşu, Radu Vlad Bercean, Vlad RaduSubject(s): Economy
Published by: Editura Universităţii Vasile Goldiş
Keywords: crediting risk; guarantee risk; guarantees; mortgage; banking deposit (collateral cash); the right of general deposit; privileges; bail; assurance contract
Summary/Abstract: The guaranties system is split in two systems, namely the credit guarantee system and the system of guaranteed funds. The real guarantees are juridical mains of guarantee, which assure the bank two attributes: choice or pursuit. The main characteristic of the guarantees contract represents their indivisibility, which good guarantees the whole credit. The guarantee remains until the credit is reimbursed to the bank and the interest is paid by the client. These contain: real personal guarantees, mortgage, banking deposit and the privileges. The personal guarantees are juridical middles wherewith one or many persons are contracting with bank to pay the debt of the debtor, if he didn’t pays it. Banking bail represents a form of personal guarantee, in which the beneficiary of the guarantee becomes chirographer of the guarantor, whose satisfaction depends of the solvency of the guarantor in the day of term.
Journal: Studia Universitatis Vasile Goldiş, Arad - Seria Ştiinţe Economice
- Issue Year: 18/2008
- Issue No: 3
- Page Range: 609-614
- Page Count: 6
- Language: English
