# Arvut bankait

> A bank guarantee securing the buyer's payments under the Sale Law, 1974.

Canonical: https://shavnu.com/glossary/arvut-bankait

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**ערבות בנקאית**

The Sale (Apartments) Law, 1974, requires the developer to secure buyers' money, typically with an arvut bankait issued as you pay. Lawyers also talk about a 7% security framework around that protection. If the contract substitutes a promissory note, insurance, or a pledge of land, that is a different risk. Your lawyer names the instrument in a letter you keep. It is not the same thing as the developer's construction loan from the accompanying bank.

## Where this comes up

- [The Questions To Ask Before You Buy Off Plan Here](https://shavnu.com/blog/questions-before-you-buy.md): Israeli presale law gives buyers mandatory protections, but only if you verify them before you sign. A diligence checklist grounded in the Sale Law and the Sde Dov project registry.


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Source: https://shavnu.com/glossary/arvut-bankait on Shavnu, an independent English guide to the
Sde Dov district in Tel Aviv. Figures come from the public record: Israel Tax
Authority transaction reports, Tel Aviv GIS, tender results and the Hebrew press.