A notarial bond is a form of security used by creditors to ensure the repayment of large sums of money loaned to debtors. Once a notarial bond is approved, a hypothec or a right is registered in favour of the creditor, at the Deeds Office in the area in which the property is located.
There are at least three forms of legal entities to choose from to start a non-profit organisation; namely a voluntary association, non-profit trust and non-profit company.