guaranty

guaranty
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 credit
2: guarantee (3)
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.

guaranty
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. . 2006


guaranty
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.
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Nolo’s Plain-English Law Dictionary. . 2009.

guaranty
USA
Also known as a guarantee.
An agreement by which a party (the guarantor) assumes the responsibility for the payment or performance of an obligation or action of another party.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


guaranty

Webster's New World Law Dictionary. . 2000.


guaranty
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.


guaranty
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.

guaranty
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. . 2013.

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Look at other dictionaries:

  • 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 …   The Collaborative International Dictionary of English

  • 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… …   The Collaborative International Dictionary of English

  • guaranty — (n.) act or fact of guaranteeing, 1520s, garrantye, from earlier garant (see GUARANTEE (Cf. guarantee)) with influence from O.Fr. garantie protection, defense, originally pp. of garantir to protect, from the same source. The sense of pledge given …   Etymology dictionary

  • guaranty — *guarantee, surety, security, bond, bail Analogous words: *pledge, earnest, token: *contract, bargain …   New Dictionary of Synonyms

  • guaranty — (also guarantee) ► NOUN (pl. guaranties) 1) an undertaking to answer for the payment of a debt or for the performance of an obligation by another person liable in the first instance. 2) a thing serving as security for such an undertaking …   English terms dictionary

  • guaranty — [gar′ən tē] n. pl. guaranties [OFr garantie < garantir, to guarantee < garant, warant, a warrant, supporter < Frank * warand, prp. of * warjan, to verify (akin to OHG werēn < wār, true < IE * weros, true > L verus), infl. also… …   English World dictionary

  • guaranty — 1. v. To undertake collaterally to answer for the payment of another s debt or the performance of another s duty, liability, or obligation; to assume the responsibility of a guarantor; to warrant. See guaranty noun, 2. n A collateral agreement… …   Black's law dictionary

  • guaranty — 1. v. To undertake collaterally to answer for the payment of another s debt or the performance of another s duty, liability, or obligation; to assume the responsibility of a guarantor; to warrant. See guaranty noun, 2. n A collateral agreement… …   Black's law dictionary

  • guaranty — An undertaking or promise, on the part of one person called the guarantor, which is collateral to a primary or principal obligation on the part of another, and which binds the guarantor to performance in the event of nonperformance by such other… …   Ballentine's law dictionary

  • guaranty — An agreement by a person, partnership, or corporation (other than the borrower) to repay a bank loan if the borrower does not pay. American Banker Glossary * * * guaranty guar‧an‧ty [ˈgærənti] noun guaranties PLURALFORM [countable] FINANCE LAW a… …   Financial and business terms

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