guaranty

guar·an·ty  (grn-t)

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.

2.

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

b. The act of providing such security.

3.

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

b. 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.

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[Anglo-Norman guarantie, from Old French, from garant, guarant, warrant, of Germanic origin; see wer-⁴ in Indo-European roots.]

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guaranty

Noun

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

Thesaurus

Noun

1.

guaranty - a collateral agreement to answer for the debt of another in case that person defaults guarantee collateral - a security pledged for the repayment of a loan