guaranty

[gar-uhn-tee]
noun, plural guaranties.
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), guarantied, guarantying.

Origin:
1585–95; < Anglo-French guarantie. See warrant, -y3

nonguaranty, noun, plural nonguaranties.
reguaranty, noun, plural reguaranties.

guarantee, guaranty, warrantee, warranty.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
guaranty (ˈɡærəntɪ)
 
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 warranty]

Collins English Dictionary - Complete & Unabridged 10th Edition
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Encyclopedia Britannica
Encyclopedia

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 In modern usage the term guaranty has largely superseded suretyship.

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Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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Example sentences
And, it is foolish to ask the mortgagor to guaranty those verifications.
To start the guaranty purchase process, the lender must first make demand for the repurchase of the guaranty.
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