Definition of guaranty
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)
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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
Origin and Etymology of guaranty
Anglo-French garantie, from garantir, warentir to protect, warrant, guarantee — more at warrant
First Known Use: 1592
Other Economics Terms
guaranty
Definition of guaranty
guarantied
;guarantying
transitive verb
Examples of guaranty in a Sentence
a house guarantied against termite damage
a watch guarantied to be water-resistant to a depth of 100 feet
Origin and Etymology of guaranty
see 1guaranty
First Known Use: 1737
Other Economics Terms
GUARANTY Defined for English Language Learners
Definition of guaranty for English Language Learners
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law : a formal promise to pay a debt
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: something that protects or maintains the existence of something else
Law Dictionary
guaranty
playLegal Definition of guaranty
guaranties
1 : a pledge to pay another's debt or to perform another's duty in case of the other's default or inadequate performance — compare letter of credit
2 : guarantee 3
3 : guarantor
4 : something given as security : pledge
5 : the protection of a right afforded by legal provision (as in a constitution)
Origin and Etymology of guaranty
Old French garantie, from garantir to guarantee, from garant warrant
Learn More about guaranty
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Thesaurus: All synonyms and antonyms for guaranty Spanish Central: Translation of guaranty Nglish: Translation of guaranty for Spanish speakers Britannica English: Translation of guaranty for Arabic speakers Britannica.com: Encyclopedia article about guaranty
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