Also means
endorsed
Usage Note
Avalado is the past participle of avalar used as an adjective. It describes something or someone that has been financially guaranteed or officially endorsed. Un crédito avalado is a guaranteed loan; una candidatura avalada is an endorsed candidacy. The noun aval ('guarantee, endorsement') is the base form.
Examples
"El proyecto fue avalado por tres instituciones públicas."
Natural Translation
The project was backed by three public institutions.

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