Also means
to endorse
Usage Note
Avalar is used both in financial contexts (to back a loan) and figuratively (to endorse a candidate or idea). The related noun is aval, and the person who acts as guarantor is an avalista. It is a regular -ar verb with no spelling changes.
Examples
"El banco avaló su préstamo sin problemas."
Natural Translation
The bank guaranteed his loan without any issues.

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