guaranty (Meaning)
guaranty (n)
a collateral agreement to answer for the debt of another in case that person defaults
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.
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.
Synonyms & Antonyms of guaranty
guaranty Sentence Examples
- The company offers a guaranty on the product's durability for five years.
- The loan agreement includes a personal guaranty, making the borrower financially responsible for the loan.
- The insurance policy provides a guaranty of coverage for the specified events.
- The sales contract includes a guaranty that the goods will meet the customer's expectations.
- The warranty act as a guaranty that the product will perform as promised.
- The manufacturer offers a limited guaranty on the appliance for a period of one year.
- The government provides a guaranty fund to protect investors in the event of a financial crisis.
- The union guaranteed the workers' wages and benefits through collective bargaining.
- The Constitution guarantees certain fundamental rights and freedoms to every citizen.
- The friendship between the two individuals is guaranteed by their unwavering loyalty.
FAQs About the word guaranty
a collateral agreement to answer for the debt of another in case that person defaultsIn law and common usage: An undertaking to answer for the payment of some d
guarantee, contract, deal, surety, vow, treaty, covenant, assurance,warranty, pledge
undermine, weaken, weaken,undermine, enfeeble,enfeeble,
The company offers a guaranty on the product's durability for five years.
The loan agreement includes a personal guaranty, making the borrower financially responsible for the loan.
The insurance policy provides a guaranty of coverage for the specified events.
The sales contract includes a guaranty that the goods will meet the customer's expectations.
