Legal Dictionary
Main Entry:
gua·ran·teePronunciation:
"gar-&n-'tE, "gär-Function:
nounEtymology: probably alteration of
guaranty 1 : GUARANTOR 2 : GUARANTY 1 3 : an assurance that a condition will be fulfilled: as
a : an agreement by which one person undertakes to secure another in the possession or enjoyment of something
b : an assurance of the quality or of the length of use to be expected from a product offered for sale often with a promise of reimbursement
4 : GUARANTY 4, 5 guarantees> —guarantee transitive verb