The deposit of a sum of money or the tendering of other security – such as the delivery of securities or the guarantee of a bank – in order to ensure the satisfaction of any claims of a party arising from a breach of contract (default of contract). – In older documents also said for a surety. – See deposit, liability money, security, Waarborgsgeld.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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