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Aval

Black's Law Dictionary · Henry Campbell Black, M.A. · 1910

Black's Law Dictionary

In French law. The guaranty of a bill of exchange; so called because usually placed at the foot or bottom (aval) of the bill.

Story, Bills, §§ 394, 454.

The act of subseribing one's signature at the bottom of a promissory note or of a bill of exchange; properly an act of suretyship, by the party signing, In favor of the party to whom the note or bill is given.

1 Low. Can. 221.