guaranty

play

noun guar·an·ty \ ˈger-ən-tē , ˈgär- , ˈga-rən- \

Definition of guaranty

plural guaranties

1 :an undertaking to answer for the payment of a debt or the performance of a duty of another in case of the other's default or miscarriage

2 :guarantee 3

3 :guarantor

4 :something given as security (see security 2) :pledge

used our house as a guaranty for the loan

5 :the protection of a right afforded by legal provision (as in a constitution)

See guaranty defined for English-language learners

See guaranty defined for kids

Examples of guaranty in a Sentence

this fridge comes with a money-back guaranty of complete customer satisfaction
couples exchange engagement rings as a symbolic guaranty that they will marry

Recent Examples of guaranty from the Web

LOUIS — Paul DeJong had no guaranties when he was recalled by the St. Louis Cardinals on June 15.

— joe harris, courant.com, "DeJong homers, has 4 hits as Wainwright, Cards beat Mets 4-1," 8 July 2017
The Gardens declared more than $10 million in debt and liabilities, including a $3.9 million loan guaranty for the main Parliament House resort.

— paul brinkmann, OrlandoSentinel.com, "Parliament House neighbor ‘The Gardens’ files bankruptcy," 7 July 2017
Pension benefits that MetLife takes on will no longer be covered by the Pension Benefit Guaranty Corp.'s insurance program but will be backed by life insurance guaranty associations for the states where retirees live, Riefs said.

— molly smith and katherine chiglinsky, chicagotribune.com, "Sears gets breathing room in deals with MetLife, Cascade," 23 May 2017
Many higher education institutions offer 403(b) plans with annuities that can provide a lifetime, and in some instances fixed, income guaranty.

— anthony t. caso, Orange County Register, "Don’t let the perfect be the enemy of the good in retirement income offerings to UC workers," 24 Mar. 2017
The third-largest U.S. bank on Friday said the accord resolved claims that its Interest Rate Reduction Refinance Loans should have been ineligible for guarantees under a U.S. Department of Veterans Affairs loan guaranty program.

— reuters, Fortune, "Wells Fargo to Pay Government $108 Million for Veterans’ Loans in Whistleblower Lawsuit," 11 Oct. 2013

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'guaranty.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.