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Meaning of GUARANTY

Pronunciation:  'garun`tee

WordNet Dictionary
[n]  a collateral agreement to answer for the debt of another in case that person defaults

GUARANTY is a 8 letter word that starts with G.


 Synonyms: guarantee
 See Also: collateral



Webster's 1913 Dictionary
  1. \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 {Warrant}, and cf. {Warranty},
    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.
  2. \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 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.
    Note: Guaranty agrees in form with warranty. Both guaranty
          and guarantee are well authorized by legal writers in
          the United States. The prevailing spelling, at least
          for the verb, is guarantee.
Thesaurus Terms
 Related Terms: assurance, assure, attest, back, bail, bailsman, bargain, be sponsor for, bond, bondsman, certify, confirm, contract, countersecure, endorse, ensure, godfather, godparent, guarantee, guarantor, indemnity, insurance, insure, insurer, mainpernor, mortgagor, secure, security, sign, sign for, sponsor, stand behind, stand up for, stocks and bonds, subscribe to, surety, tie, undersign, underwrite, underwriter, warrant, warrantor, warranty