14:41 Feb 8, 2021 |
French to English translations [PRO] Law/Patents - Finance (general) | |||||||
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| Selected response from: philgoddard United States | ||||||
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4 +5 | bond |
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bond Explanation: The first thing to do is look up Atradius: Atradius products and services help manage the payment default risks - the risk that a buyer fails to pay for the products or services it buys on trade credit terms. These products include: Trade Credit Insurance; Bonding; Instalment Credit Protection; Reinsurance Business and Collections http://en.m.wikipedia.org/wiki/Atradius This is known in the travel industry as a bond. It ensures that travellers are not left high and dry if you default. We know that, for example, in Scandinavian countries tourism laws require travel agencies and tour operators to guarantee their products and services with a bond. http://group.atradius.com/products/bonding.html |
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