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The meaning of GUARANTY is an undertaking to answer for the payment of a debt or the performance of a duty of another in case of the other's default or miscarriage. How to use guaranty in a sentence.
GUARANTY definition: 1. a legal agreement in which a person or organization promises to pay back a loan if the person or…. Learn more.
a promise that something will be done or will happen, especially a written promise by a company to repair or change a product that develops a fault within a particular period of time: The system costs £99.95 including shipping and handling and a twelve-month guarantee. come with/have a guarantee The TV comes with/has a two-year guarantee.
Guaranty definition: a warrant, pledge, or formal assurance given as security that another's debt or obligation will be fulfilled.. See examples of GUARANTY used in a sentence.
Sep 25, 2024 · : an agreement by which one person undertakes to secure another in the possession or enjoyment of something. b. : an assurance of the quality of or of the length of use to be expected from a product offered for sale often with a promise of reimbursement. The washer comes with a guarantee against major defects. 4. : guaranty sense 4. guarantee.
GUARANTY meaning: 1. a legal agreement in which a person or organization promises to pay back a loan if the person or…. Learn more.
1. a pledge of responsibility for fulfilling another person's obligations in case of that person's default. 2. a thing given or taken as security for a guaranty. 3. the act of providing security. 4. a person who acts as a guarantor. verb Word forms: -ties, -tying, -tied. 5. a variant of guarantee. Collins English Dictionary.
Guaranty definition: A promise to be answerable for the debt or obligation of another in the event of nonpayment or nonperformance. Dictionary Thesaurus
Oct 4, 2024 · Definitions of guaranty. noun. a collateral agreement to answer for the debt of another in case that person defaults. synonyms: guarantee. see more.
guar•an•ty (gar′ ən tē′), n., pl. -ties, v., -tied, -ty•ing. n. a warrant, pledge, or formal assurance given as security that another's debt or obligation will be fulfilled. something that is taken or presented as security. the act of giving security. a person who acts as a guarantor.
