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1. Dictionary

   Guar·an·tee

   /ˌɡerənˈtē/

   

   noun

   • 1. a formal promise or assurance (typically in writing) that certain conditions will be fulfilled, especially that a product will be repaired or replaced if not of a specified quality and durability: "we offer a 10-year guarantee against rusting" Similar warrantywarrantcontractcovenantbondassurancepromise
   • ▪ something that gives a certainty of outcome: "past performance is no guarantee of future results" Similar promiseassurancewordword of honorpledgevowoathbondcommitment
   • 2. a formal pledge to pay another person's debt or to perform another person's obligation in the case of default.
   • ▪ a thing serving as security for a formal pledge to pay another person's debt.
   • ▪ less common term for guarantor

   verb

   • 1. provide a formal assurance or promise, especially that certain conditions shall be fulfilled relating to a product, service, or transaction: "the con artist guarantees that the dirt pile will yield at least 20 ounces of gold"
   • ▪ provide a formal assurance regarding (something, especially a product): "the repairs will be guaranteed for three years"
   • ▪ provide financial security for; underwrite: "a demand that $100,000 be deposited to guarantee their costs" Similar underwritesponsorsupportbackinsureindemnifyvouch forput up collateral forgive earnest money forprovide surety forprovide (financial) security forinformal:be ready to pick up the tab forbankroll
   • ▪ promise with certainty: "no one can guarantee a profit on stocks" Similar promiseswearswear to the factpledgevowundertakegive one's wordgive an assurancegive assurancesgive an undertakinggive a pledgeswear an oathtake an oathcross one's heart (and hope to die)archaic:plight

   Word Origin late 17th century (in the sense ‘guarantor’): perhaps from Spanish garante, corresponding to French garant (see warrant), later influenced by French garantie ‘guaranty’.

   Scrabble Points: 10

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2. People also ask

   What does guarantee mean?

   • A legal assurance of something, e.g. a security for the fulfillment of an obligation. A guarantee. The cooker comes with a five-year guarantee. (obsolete) Carelessness; negligence. The person to whom a guarantee is made. The condition or quality of being secure; secureness. His trembling hand had lost the ease,Which marks security to please.

   Guarantee vs. Security — What’s the Difference?

   www.askdifference.com/guarantee-vs-security/

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   What is an example of a guarantor?

   • It is most commonly given to a related party, where the guarantor has an interest in the financial success of the related party. For example, a guarantee may be issued by a company for the debt of a joint venture in which it is an investor. Similarly, a guarantee may be issued by a corporate parent for the debt of a subsidiary.

   Guarantee definition — AccountingTools

   www.accountingtools.com/articles/guarantee

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   What is the difference between indemnities and guarantees?

   • Indemnities may be implied into an agreement at law. Indemnities and guarantees can be complicated to understand. Indemnities impose a liability on the person giving the indemnity. Whereas guarantees are provided by a third party in case the primary party to the agreement has failed to uphold their obligations.

   What Is the Difference Between Indemnity and Guarantee?

   legalvision.com.au/what-is-the-difference-between-indemnity-and-guarantee/

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   What happens if a guarantor is discharged from a contract?

   • A guarantor is discharged from their obligations if the principal contract is void or unenforceable. Depending on the State or Territory, guarantees may not have to be in writing to be enforceable. One party to an agreement indemnifies another party to the agreement for any loss they may suffer.

   What Is the Difference Between Indemnity and Guarantee?

   legalvision.com.au/what-is-the-difference-between-indemnity-and-guarantee/

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3. www.vocabulary.com › dictionary › guarantyGuaranty - Definition, Meaning & Synonyms | Vocabulary.com

   www.vocabulary.com › dictionary › guaranty

   6 days ago · guaranty: 1 n a collateral agreement to answer for the debt of another in case that person defaults Synonyms: guarantee Type of: collateral a security pledged for the repayment of a loan

4. thebusinessprofessor.com › 122296-law-transactionsGuarantee or Surety - Explained - The Business Professor, LLC

   thebusinessprofessor.com › 122296-law-transactions

   • Cached

   Apr 19, 2024 · A Guaranty/ Guarantee is a legally binding agreement in which a person (first party) agrees to be answerable for another person (second party), who wishes to obtain trust or credit from someone/institution (third party), and promises to fulfill the specified obligation of the other person (Second party) in case of default.

5. legalvision.com.au › what-is-the-differenceWhat Is the Difference Between Indemnity and Guarantee?

   legalvision.com.au › what-is-the-difference

   • Cached

   4 days ago · The guarantor’s liability is limited to the amount of the party’s liability it is guaranteeing. For example, if the primary agreement was for $100,000, the guarantor’s liability will be a maximum of $100,000. A guarantor is discharged from their obligations if the principal contract is void or unenforceable.

   • End Date: April 24, 2024

   • Start Date: April 23, 2024

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7. www.accountingtools.com › articles › guaranteeGuarantee definition — AccountingTools

   www.accountingtools.com › articles › guarantee

   • Cached

   Apr 2, 2024 · What is a Guarantee? A guarantee occurs when an entity accepts responsibility for an obligation if the party with primary responsibility is unable to settle the obligation. It is most commonly given to a related party, where the guarantor has an interest in the financial success of the related party.

8. legalvision.com.au › security-agreement-andWhat is a Security Agreement or Guarantee? | LegalVision

   legalvision.com.au › security-agreement-and

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   Guarantee. A guarantee is a simple security document. It states the conditions where the guarantor must take over the borrower’s repayment obligations upon default. As a lender, you want to be sure that the guarantor will be able to satisfy its obligations under the guarantee.

9. www.wallstreetmojo.com › financial-guaranteeFinancial Guarantee - What Is It, Vs Performance Guarantee

   www.wallstreetmojo.com › financial-guarantee

   • Cached

   Apr 4, 2024 · A financial guarantee is a promise made by a third party to assume the financial obligations of another company if they default on their payments. Banks or financial institutions often require financial guarantees before they will provide loans to companies to ensure the recovery of the loan if the borrower defaults.

10. www.askdifference.com › guarantee-vs-securityGuarantee vs. Security — What’s the Difference?

    www.askdifference.com › guarantee-vs-security

    • Cached

    Apr 2, 2024 · Whereas securities involve tangible or financial assets that have a market value and can be traded or liquidated in case of default on an obligation. Guarantees can be personal or corporate, meaning they can be provided by individuals or entities. They are often unconditional and can cover a wide range of situations.