n-tee]
noun, plural -ties, verb, -tied, -ty⋅ing.| 1. | a warrant, pledge, or formal assurance given as security that another's debt or obligation will be fulfilled. |
| 2. | something that is taken or presented as security. |
| 3. | the act of giving security. |
| 4. | a person who acts as a guarantor. |
| 5. | guarantee. |
guaranty
in law, assumption of liability for the obligations of another. In modern usage the term guaranty has largely superseded suretyship.
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