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guar·an·ty /'gar-ən-tē, 'gär-/ n pl -ties [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 credit2: guarantee (3)3: guarantor4: something given as security: pledge5: the protection of a right afforded by legal provision (as in a constitution)
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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I
noun
assurance, backing, bond, certification, commitment, endorsement, gage, guard, hypothecation, indemnity, insurance, pact, pledge, promise to pay another's debt, recognizance, safeguard, security, stake, support, surety, token, voucher, warrant, warranty
associated concepts: absolute guaranty, collateral guaranty, continuing guaranty, fidelity guaranty, guaranty company, guaranty fund, guaranty insurance, guaranty of payment, indemnity bond, limited guaranty, special guaranty, suretyship
II
index
assurance, bail, binder, bond, certify (attest), charge (lien), coverage (insurance), letter of credit, option (contractual provision), recognizance, specialty (contract), surety (certainty), underwrite, warranty
Burton's Legal Thesaurus. William C. Burton. 2006
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When used as a verb, to agree to pay another person's debt or perform another person's duty, if that person fails to come through. As a noun, the written document in which this assurance is made. For example, if you cosign a loan, you have made a guaranty and will be legally responsible for the debt if the borrower fails to repay the money as promised. The person who makes a guaranty is called the guarantor. Also known as a guarantee or warranty.Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & FinancesCategory: Business Cash Flow Problems & BankruptcyCategory: Business, LLCs & Corporations → Business Tax & DeductionsCategory: Bankruptcy, Foreclosure & Debt → Debt & Collection AgenciesCategory: Personal Finance & Retirement → Taxes → Tax AuditsCategory: Real Estate & Rental Property → Selling a HouseCategory: Real Estate & Rental Property → Buying a House
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
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As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant.
Dictionary from West's Encyclopedia of American Law. 2005.
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As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant.As a noun, an undertaking or promise that is collateral to the primary or principal obligation and that binds the guarantor to performance in the event of nonperformance by the principal obligor.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
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v. and n.an older spelling of guarantee, which the renowned Oxford etymologist Dr. Walter Skeat called a "better spelling" (1882).See also: guarantee
Law dictionary. EdwART. 2013.