Guaranty
31guaranty insurance — A guaranty or insurance against loss in case a person named shall make a designated default, or be guilty of specified conduct. People ex rel. Kasson v Rose, 174 Ill 310, 51 NE 246. See credit insurance; fidelity guaranty insurance; title… …
32guaranty of collection — A guaranty which is not absolute but implies that the creditor will make diligent effort to enforce the collection of the obligation from the principal debtor. To be distinguished from a guaranty of payment. 24 Am J1st Guar § 17 …
33guaranty fund — See depositors guaranty fund; reserve …
34guaranty of liberty — The guaranty under the Fourteenth Amendment to the United States Constitution that no state shall deprive any person of life, liberty, or property without due process of law …
35guaranty of payment — A guaranty which binds the guarantor to pay the debt of another, known as the principal debtor, at maturity, in the event the money has not been paid by the principal debtor, the obligation of the guarantor becoming fixed upon the default of the… …
36guaranty policy — An insurance policy whereby the insurer undertakes to pay the insured creditor in the event of nonpayment by his debtor. See credit insurance; guaranty insurance; solvency policy …
37guaranty — I. noun (plural ties) Etymology: Anglo French garantie, from garantir, warentir to protect, warrant, guarantee more at warrant Date: 1592 1. an undertaking to answer for the payment of a debt or the performance of a duty of another in case of the …
38guaranty — /gar euhn tee /, n., pl. guaranties, v., guarantied, guarantying. n. 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… …
39guaranty — noun /ˈɡaɹənti/ a) 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 warranty; a security …
40guaranty — Synonyms and related words: assurance, assure, attest, back, bail, bailsman, bargain, be sponsor for, bond, bondsman, certify, confirm, contract, countersecure, endorse, ensure, godfather, godparent, guarantee, guarantor, indemnity, insurance,… …
