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  3. Business/Commerce (general)

Principal

10:17 Mar 21, 2024
English to Arabic translations [PRO]
Bus/Financial - Business/Commerce (general)
English term or phrase: Principal
Al-Hilal Islamic Banking Services (Ahli Bank S.A.O.G.) (the "Bank") which expression includes its successors and assigns, whether immediate or derivative) of the other part
WITNESSES AND IT IS HEREBY AGREED AND DECLARED as follows:-
1. The Principal's Obligations
(1) This Guarantee is executed by the Guarantor in consideration of the Bank making or for so long as it shall think fit continuing or giving advances or other banking facilities, time, credit or accommodation to the following company (hereinafter referred to as the "Principal"), namely:
(Name of Customer)


(2) In this Guarantee the expression the "Principal's Obligations" means all monies which now are or hereafter may be or become due or owing by the Principal to the Bank on any current or other account and all other liabilities, actual or contingent, now existing or hereafter incurred, due or owing by the Principal to the Bank (whether in either case due, owing or incurred by the Principal alone or jointly with any other person(s) and in whatever name, firm or style) in each case under all or any part of Guarantee facility dated 123-1... (including, for 'ho avoidance of doubt, the accompanying Lease and Promise to Purchase) together with commission and other banking charges and legal, administrative and other actual costs, charges and expenses incurred by the Bank in relation to this Guarantee or in enforcing the security hereby created on a full and unqualified indemnity basis.
Amany Zakaria
Egypt
Local time: 16:50


Summary of answers provided
4الموكل
Islam Sakr
3 +1المضمون عنه/المقترض/ المستلف
Ezz Eldeen Mohammad
4الطرف الرئيسي/ المُوَكِّل/العميل/ الشركة
Motaz Fahmy
3صاحب الشأن، الموكل
Lamine Boukabour


  

Answers


4 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
الموكل


Explanation:
.

Islam Sakr
Egypt
Local time: 16:50
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in ArabicArabic
PRO pts in category: 72
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10 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
المضمون عنه/المقترض/ المستلف


Explanation:
هنا كلمة "principal"تشير إلى الشركة أو الجهة المقترضة من البنك


    https://www.almaany.com/ar/dict/ar-ar/%D8%A7%D9%84%D9%85%D9%82%D8%AA%D8%B1%D8%B6/
Ezz Eldeen Mohammad
Egypt
Local time: 16:50
Works in field
Native speaker of: Native in ArabicArabic, Native in EnglishEnglish
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
agree  HATEM EL HADARY: المضمون عنه أو الجهة المضمونة
13 mins
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13 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
صاحب الشأن، الموكل


Explanation:
"Principal" refers to the company (referred to as "Name of Customer" in the document) to which the Bank is providing financial services or facilities. The "Principal's Obligations" are the financial responsibilities, debts, or liabilities that the company (the Principal) owes to the Bank. This can include any loans, advances, credit, or other banking facilities provided by the Bank to the Principal, as well as any associated charges, fees, or expenses incurred by the Bank in relation to these services.




Lamine Boukabour
Algeria
Local time: 14:50
Specializes in field
Native speaker of: Native in ArabicArabic
PRO pts in category: 104
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4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
الطرف الرئيسي/ المُوَكِّل/العميل/ الشركة


Explanation:
الطرف الرئيسي/ المُوَكِّل/العميل/الشركة

Motaz Fahmy
Egypt
Local time: 16:50
Specializes in field
Native speaker of: Native in ArabicArabic
PRO pts in category: 104
Login to enter a peer comment (or grade)



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