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guaranty

 - 4 dictionary results

guar⋅an⋅ty

  [gar-uhn-tee] noun, plural -ties, verb, -tied, -ty⋅ing.
Use guaranty in a Sentence
–noun
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.
–verb (used with object)
5. guarantee.
Origin:
1585–95; < AF guarantie. See warrant, -y 3
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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guar·an·ty   (gār'ən-tē)   
n.   pl. guar·an·ties

  1. An agreement by which one person assumes the responsibility of assuring payment or fulfillment of another's debts or obligations.

    1. Something given as security for the execution, completion, or existence of something else.

    2. The act of providing such security.

    3. A guarantee, as for a product or service: a new refrigerator still under guaranty.

    4. A guarantee to perform something in a specified way.

    1. A guarantee, as for a product or service: a new refrigerator still under guaranty.

    2. A guarantee to perform something in a specified way.

  4. A guarantee serving to assure a particular outcome or condition.

  5. A guarantor.

tr.v.   guar·an·tied, guar·an·ty·ing, guar·an·ties
To guarantee.

[Anglo-Norman guarantie, from Old French, from garant, guarant, warrant, of Germanic origin; see wer-4 in Indo-European roots.]
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Legal Dictionary

Main Entry: guar·an·ty
Pronunciation: 'gar-&n-tE, 'gär-
Function: noun
Inflected Form: plural -ties
Etymology: Old French garantie, from garantir to guarantee, from garant warrant
1 : a pledge to pay another's debt or to perform another's duty in case of the other's default or inadequate performance —compare LETTER OF CREDIT
2 : GUARANTEE 3
3 : GUARANTOR
4 : something given as security : PLEDGE
5 : the protection of a right afforded by legal provision (as in a constitution)
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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Encyclopedia

guaranty

in law, assumption of liability for the obligations of another. In modern usage the term guaranty has largely superseded suretyship.

Learn more about guaranty with a free trial on Britannica.com.

Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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