English definition of Guaranty

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Definition of guaranty

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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..

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Guaranty :: 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..

Guarantying :: Guarantying (p. pr. & vb. n.) of Guarant.

Guaranty :: Guaranty (n.) 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..

Warrant :: Warrant (n.) That which vouches or insures for anything; guaranty; security.

Guarantor :: Guarantor (n.) One who makes or gives a guaranty; a warrantor; a surety.

Guarantee :: Guarantee (n.) The person to whom a guaranty is made; -- the correlative of guarantor.

Unwarranted :: Unwarranted (a.) Not warranted; being without warrant, authority, or guaranty; unwarrantable..

Insurance :: Insurance (n.) A guaranty, security, or pledge; assurance..

Guarantee :: Guarantee (n.) In law and common usage: A promise to answer for the payment of some debt, or the performance of some duty, in case of the failure of another person, who is, in the first instance, liable to such payment or performance; an engagement which secures or insures another against a contingency; a warranty; a security. Same as Guaranty..

Caution :: Caution (n.) Security; guaranty; bail.

Warranty :: Warranty (n.) Security; warrant; guaranty.