|—n , pl -ties|
|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|
|—vb , -ties, -ties, -tying, -tied|
|5.||a variant of guarantee|
|[C16: from Old French garantie, variant of warantie, of Germanic origin; see |
in law, assumption of liability for the obligations of another. In modern usage the term guaranty has largely superseded suretyship.
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