In this article, we will examine some terms that can be used as the translation of the Turkish term “teminat” in the English legal terminology but can have different meanings within the context which is used. These terms, such as Collateral, Guarantee, Warranty, and Security, can often be confused during translation. For this reason, we will examine these terms with their example translations in this article.
For example, the term “collateral” is commonly used in Turkish law as the translation of “teminat” in English legal terminology. It is possible to see that the term “collateral” is used when referring to concepts such as collateral deposited during a pending case or collateral deposited in the bank. In this regard, the following sentence can be shown as an example:
A foreign plaintiff who has filed or participated in any lawsuit in Turkey must deposit collateral to provide a guarantee so that the defendant may be compensated for the damage that the defendant may incur due to an unjust lawsuit.
Türkiye’de herhangi bir dava açan veya davaya katılan bir yabancı davacının haksız bir dava nedeniyle davalıyı uğratabileceği zararın tazmin edilebilmesi için bir güvence olması amacıyla teminat yatırması gerekmektedir.
In the sentence above, the word “collateral” was used when referring to a guarantee that will be deposited as part of a pending case, but the term “guarantee” was used when referring to the element of assurance provided by this guarantee. In this context, the term “teminat” may also be used as the translation of the term “guarantee”, but in some cases it may be more appropriate to use the word “garanti”. In this regard, the following sentence can be shown as an example:
The Company has not given or agreed to give any guarantees securing any liability of third parties or issued or agreed to issue any comfort letters (whether binding or not) in respect of any liability of any third party.
Şirket, üçüncü tarafların herhangi bir yükümlülüğünü güvence altına alan herhangi bir garanti vermemiş veya vermeyi kabul etmemiş veya herhangi bir üçüncü tarafın herhangi bir yükümlülüğü ile ilgili olarak herhangi bir destek mektubu (bağlayıcı olması fark etmeksizin) ihraç etmemiş veya ihraç etmeyi kabul etmemiştir.
Again, translating the word “warranty” as “teminat”, which can be considered as one of the equivalents of the word “teminat”, may not always be the correct use of legal terminology. As can be seen from the following example sentence, the term “warranty” can also be translated as “garanti”.
In particular, the Trustee may include in the sale and purchase agreement such customary representations and warranties and indemnities as are reasonably required to effect the sale.
Özellikle, Yediemin, satış ve satın alma sözleşmesine, satışı gerçekleştirmek için makul bir şekilde gerekli olan mutat beyanları ve garantileri ve tazminatları ekleyebilir.
However, there may be many different translations within the context in which the term “security” is used. In practice, it can be used as a translation of the term “teminat”, but it can also entail many other meanings, such as mortgages, bonds and securities. The following sentence can be shown as an example of using the term “security” as a translation of the term “teminat”.
Although this security is generally illiquid and its value is closely correlated to the performance of the relevant loan operating assets, it does provide the Bank with rights and negotiating leverage that help mitigate the overall credit risk.
Bu teminatın genellikle likit olmamasına ve değerinin ilgili kredi işletme varlıklarının işlemesiyle yakından ilişkili olmasına karşın, Banka’ya genel kredi riskini hafifletmeye yardımcı olan haklar ve pazarlık kozu sağlar.
English Turkish and Turkish English translations of terms that may have many different translations, such as “teminat”, should be evaluated by determining the most accurate translation of the relevant term in the context, considering the legal terminology.
Our experience shows that getting the necessary support from an expert lawyer for the correct evaluation of the context of the source text ensures a more accurate and reliable translation service. Legis Translate not only aims to provide the most accurate term as a word, but also the most accurate term in terms of legal meaning of the text in its translations with translators who are experts in their areas.
