seguro-caução
Published 8 November 2026, 20:40
seguro-caução (surety from an insurance company)
A guarantee issued by an insurer instead of a bank: the insurer undertakes to pay on your behalf if you do not pay yourself. It is accepted on a par with a bank guarantee or a mortgage over property.
Where you come across it. An instalment plan for a tax debt, renting a home, building contracts.
For an instalment plan, no guarantee is required at all if the debt is no more than €5,000 or there are no more than twelve instalments. Where one is required, it covers the debt plus interest and runs for the whole plan plus three months.