Glossary entry

Danish term or phrase:

selvskyldnerkautionserklæring

English translation:

guarantee, surety, suretyship

Added to glossary by Charlesp
Jun 2, 2010 08:58
13 yrs ago
5 viewers *
Danish term

selvskyldnerkautionserklæring

Danish to English Bus/Financial Finance (general)
I know this term has been posted before, and I agree with the suggestions submitted (eg surety, co-signer guarantee), but I want raise a specific issue, therefore it is posted again.

A "kautionserklæring" (similar to a "garantierklæring" is a simple guarantee (in fact sometimes referred to as a "simple kaution."

Therefore I am wondering what the specific meaning of "selvskyldner" might mean here. As it is a more specific term, having a preface, what is the specific meaning of the preface? I would think that "joint and several" as in a "joint and several guarantee (or surety)" would explain it. As it is a guarantee (or surety), but a specific kind.

Could a "personal guarantee" also be called a "selvskyldnerkautionserklæring"?

Proposed translations

6 mins
Selected

guarantee, surety, suretyship

accotding to L&H Business, kautionserklæring = [arv] administration bond; [straf.] bail bond.
selvskyldnerkaution = guarantee, surety, suretyship
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4 KudoZ points awarded for this answer.
8 mins

declaration of absolute guaranty

or : declaration of directly enforceable guarantee
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+1
28 mins

guarantee whereby the guarantor assumes primary liability

According to Helle Pals Frandsen's Dansk-Engelsk Juridisk Ordbog:

guarantee whereby the guarantor assumes primary liability

guarantee whereby the guarantor undertakes to hold himself liable as a primary debtor

US: absolute gurarantee; suretyship

(NB denne term er dog ikke længere entydig, da den ofte anvendes som generel betegnelse for kaution, dvs. uden at skelne mellem simpel kaution og selvskyldnerkaution.)
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A guarantee is a declaration, so I see no need to translate the erklæring element, apart from the context indicating that it is given, signed or in force etc.
Peer comment(s):

agree farmor : Yes! It's right there on page 158, scroll down
3 days 5 hrs
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