Legal Definitions - satisdare

In Roman law, *satisdare* refers to the act of giving security. This involves providing a guarantee or assurance, specifically in the form of *satisdatio*.

satisdare

In Roman law, satisdare refers to the act of providing security or a guarantee to ensure that a future obligation will be met. It involves giving assurance, often through a third party, that a promise or duty will be fulfilled.

• Example 1: Construction Project Guarantee

  Imagine a city government hiring a construction company to build a new public library. The city wants to ensure that the project will be completed on schedule and according to the agreed-upon standards, even if the construction company encounters unforeseen financial difficulties. To provide this assurance, the construction company might satisdare by obtaining a performance bond from a reputable insurance or surety company. This bond acts as a financial guarantee: if the construction company fails to fulfill its contractual obligations, the surety company is legally bound to ensure the project's completion or compensate the city for any losses. The act of securing and providing this bond to the city is an instance of satisdare.

• Example 2: Securing a Loan Repayment

  Consider a small business owner seeking a substantial loan from a bank to expand their operations. The bank, wanting to mitigate its risk, requires assurance that the loan will be repaid. The business owner might satisdare by offering collateral, such as a lien on their business property, or by having a financially stable third party (like a wealthy relative or another business) co-sign the loan as a guarantor. In this scenario, the act of providing the collateral or securing the co-signer serves as the security, assuring the bank that the financial obligation will be met.

• Example 3: Ensuring Compliance in a Legal Case

  Suppose a court orders a party in a civil dispute to pay a certain amount of money to the opposing party as part of a judgment, but allows the payment to be made in installments over time. The party receiving the payments might be concerned that the other party could default on future installments. To address this, the paying party might be required to satisdare by depositing the full judgment amount into an escrow account managed by a neutral third party, or by providing a bond from a surety company that guarantees all future payments. This action provides the necessary security to the court and the receiving party that the financial terms of the judgment will be honored.