Aval
Bouvier's Law Dictionary and Concise Encyclopedia · John Bouvier; revised by Francis Rawle · 1914
Bouvier's Law Dictionary and Concise Encyclopedia
In Canadian Law. A contract of suretyship or guarantee on a promissory note.
1 Low. C. 221; 9 id. 360.
In French Law. The guaranty of a bill of exchange; so called because usually placed at the foot or bottom (aval) of the bill.
Sto. Bills §§ 394, 454. See 11 Harv. L. Rev. 55; Indorsement.