Glossary entry

Croatian term or phrase:

naplatiti iz

English translation:

entitled to collecting the guarantee amount from the Bank

Added to glossary by PoveyTrans (X)
May 16, 2007 12:08
17 yrs ago
3 viewers *
Croatian term

naplatiti iz

Croatian to English Bus/Financial Law: Contract(s)
Please could somebody clarify what is happening here?

Ukoliko Customer padne u zakašnjenje plaćanja, Contractor se ima pravo naplatiti iz garancije banke.

The contractor is entitled to ??? from the guarantee from the bank.

Many thanks

Simon

Discussion

PoveyTrans (X) (asker) May 16, 2007:
Take payment from...would this be the correct English terminology? The meaning is clear...

Proposed translations

17 mins
Selected

entitled to collecting the guarantee amount from the Bank

At the request of a contractor, a bank can undertake to pay to a customer any sum of money as defined by a contract, if the contractor is in breach of its obligation(s) under the contract, without customer needing to prove or to show grounds for his/her demand.
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4 KudoZ points awarded for this answer. Comment: "Thanks, this was the fullest explanation."
7 mins

collect from..

..
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10 mins

refund, compensate, charge, reimburse, collect

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