tagatist vabastama

Terminological databases

ID 698742 Last modified 30.12.2004

Domain Financial Affairs - Taxation & CustomsEconomics

tagatist vabastama preferred

klaarima

clear a guarantee

to clear - to free from pecuniary liabilities; to settle or discharge a debt, bill, etc.

tagatist vabastama preferred

klaarima

clear a guarantee

Usage examples

Guarantees are obtained only from financial institutions, which fulfill the conditions of Regulation (EEC) No 2220/85 (1) and which are approved by appropriate authorities, and deliver guarantees which remain valid until cleared or called upon, and are met on the simple request of the agency.

ID 700329 Last modified 30.12.2004

Domain customscustoms union & customs rules

tagatist vabastama

release a security preferred

discharge the security

release a guarantee

tagatist vabastama

release a security preferred

Usage examples

2. Deposits shall be repaid, or the guarantees referred to in Article 123 given in place thereof released, in accordance with the provisions relating to the conclusion of contracts, except in cases of non-performance or late performance as referred to in the fourth paragraph of Article 62 of the Financial Regulation.
1. The security shall not be released until such time as the customs debt in respect of which it was given is extinguished or can no longer arise.

discharge the security

release a guarantee

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