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- nounguaranty (noun)
- 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"
- something that gives a certainty of outcome:"past performance is no guarantee of future results"
- lawa 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
Originlate 17th century (in the sense ‘guarantor’): perhaps from Spanish garante, corresponding to French garant (see warrant), later influenced by French garantie ‘guaranty’.Similar and Opposite Wordsnoun- 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:
- something that gives a certainty of outcome:
- a formal pledge to pay another person's debt or to perform another person's obligation in the case of default.
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