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guaranty - 6 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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Guaranty

Guar"an*ty\, n.; pl. Guaranies. [OF. guarantie, garantie, F. garantie, OF. guarantir, garantir, to warrant, to guaranty, E. garantir, fr. OF. guarant, garant, a warranter, F. garant; of German origin, and from the same word as warranty. See Warrant, and cf. Warranty, Guarantee.] In law and common usage: An undertaking to answer for the payment of some debt, or the performance of some contract or duty, of another, in case of the failure of such other to pay or perform; a guarantee; a warranty; a security.

Guaranty

Guar"an*ty\, v. t. [imp. & p. p. Guarantied; p. pr. & vb. n. Guarantying.] [From Guaranty, n.] In law and common usage: To undertake or engage that another person shall perform (what he has stipulated); to undertake to be answerable for (the debt or default of another); to engage to answer for the performance of (some promise or duty by another) in case of a failure by the latter to perform; to undertake to secure (something) to another, as in the case of a contingency. See Guarantee, v. t.

Note: Guaranty agrees in form with warranty. Both guaranty and guarantee are well authorized by legal writers in the United States. The prevailing spelling, at least for the verb, is guarantee.
Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc.
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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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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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