guarantee
gua·ran·tee /ˌgar-ən-'tē, ˌgär-/ n [probably alteration of guaranty]
2: guaranty (1)
3: an assurance that a condition will be fulfilled: as
a: an agreement by which one person undertakes to secure another in the possession or enjoyment of something
b: an assurance of the quality or of the length of use to be expected from a product offered for sale often with a promise of reimbursement
4: guaranty (4, 5)
constitutional guarantee s
guarantee vt

Merriam-Webster’s Dictionary of Law. . 1996.

guarantee
I verb answer for, assume responsibility, assure, back, be responsible for, become liable, become surety for, certify, commit oneself, ensure, fides, give assurance, give one's word, guard, hypothecate, impignorate, insure, make oneself answerable for, obligate, pledge, promise, safeguard, secure, sponsio, sponsor, stake, support, underwrite, vadimonium, vouch for, warrant associated concepts: guarantee a title, guarantee against breakage, guarantee payment II index accommodation (backing), assure (insure), bear (adduce), bond, bond (secure a debt), certificate, certify (attest), charge (lien), close (agree), confirm, consent, contract, corroborate, cosign, covenant, coverage (insurance), deposit, ensure, hostage, hypothecation, indemnify, indorse, insurer, oath, pact, pawn, pledge (binding promise), pledge (security), pledge (deposit), pledge (promise the performance of), precaution, promise, promise (vow), protection, reassure, recommend, security (pledge), sponsor, stipulate, subscribe (promise), swear, undertake, undertaking (pledge), underwrite, verify (swear), vouch, warranty

Burton's Legal Thesaurus. . 2006


guarantee
n.
(1) A promise or formal statement that specific conditions are the case or will be met.
(2) A person who receives a guarantee.
v.
guarantee

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


guarantee
a collateral promise to answer for the debt or obligation of another. A guarantee is a secondary obligation, becoming operative only where the principal debtor is in default; because it is a secondary obligation, should the primary obligation be unlawful or invalid or unenforceable, the guarantor or surety cannot be compelled to make payment under the guarantee. A guarantee should be distinguished from an indemnity, which is a primary obligation to compensate the loss of another; in the latter case the unenforceabili-ty of the principal debt will not render the indemnity unenforceable. In Scotland, the same relationship is regulated by the institution of caution (pronounced 'cayshun'). Proper caution is the term used where the cautioner is expressly bound as guarantor to the creditor. The term improper caution is used when the cautioner is bound as a co-obligant with the principal debtor jointly and severally to the creditor.
The term is used colloquially in the UK for a statement by a manufacturer of goods that it will undertake some responsibility such as repair or replacement.

Collins dictionary of law. . 2001.


guarantee
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Bankruptcy, Foreclosure & Debt → Debt & Collection Agencies
Category: Personal Finance & Retirement → Taxes → Tax Audits
Category: Real Estate & Rental Property → Selling a House
Category: Real Estate & Rental Property → Homeowners

Nolo’s Plain-English Law Dictionary. . 2009.

guarantee
A legal commitment to repay a debt if the original borrower fails to do so. A guarantee is not enforceable unless it is in writing or there is a memorandum or note of the agreement signed by the guarantor or at its direction (section 4, Statute of Frauds Act 1677).
+ guarantee, Also known as guaranty
+ guarantee A guarantee is a legal commitment to repay a debt if the original borrower fails to do so. Guarantees may be requested from a parent company when doing business with one of its subsidiaries (subsidiary; subsidiary company).
USA
An agreement by which a party (the guarantor) assumes the responsibility for the payment or performance of an obligation or action of another party.
Related links
Bonds, guarantees and standby credits: overview

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


guarantee
1 n. A commitment by a third party to make good in the event of a default by a party to a contract, by paying the money or providing the performance due from the defaulting party.
2 v. To promise to make good in the event of a default by a party to a contract by paying the money or providing the performance due from the defaulting party.

Webster's New World Law Dictionary. . 2000.


guarantee
One to whom a guaranty is made. This word is also used, as a noun, to denote the contract of guaranty or the obligation of a guarantor, and, as a verb, to denote the action of assuming the responsibilities of a guarantor.

Dictionary from West's Encyclopedia of American Law. 2005.


guarantee
One to whom a guaranty is made. This word is also used, as a noun, to denote the contract of guaranty or the obligation of a guarantor, and, as a verb, to denote the action of assuming the responsibilities of a guarantor.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Synonyms:

Look at other dictionaries:

  • guarantee — n Guarantee, guaranty, surety, security, bond, bail are comparable when they mean either something that is given or pledged as assurance of one s responsibility (as for the payment of a debt, the fulfillment of a promise or obligation, or the… …   New Dictionary of Synonyms

  • Guarantee — Guar an*tee , v. t. [imp. & p. p. {guaranteed}; p, pr. & vb. n. {Guaranteeing}.] [From {Guarantee}, n.] In law and common usage: to undertake or engage for the payment of (a debt) or the performance of (a duty) by another person; to undertake to… …   The Collaborative International Dictionary of English

  • guarantee — [gar΄ən tē′, gar′ən tē΄] n. [altered < GUARANTY, after words ending in EE1] 1. GUARANTY (n. 1 & 3) 2. a pledge or assurance; specif., a) a pledge that something is as represented and will be replaced if it does not meet specification …   English World dictionary

  • Guarantee — Guar an*tee , n.; pl. {Guarantees}. [For guaranty, prob. influenced by words like assignee, lessee, etc. See {Guaranty}, and cf. {Warrantee}.] 1. In law and common usage: A promise to answer for the payment of some debt, or the performance of… …   The Collaborative International Dictionary of English

  • guarantee — guarantee, guaranty The two words have close meanings relating to the fulfilment of a legal obligation. Guarantee is used for the verb, and also for the noun when the obligation relates to the quality of a product or service, whereas guaranty is… …   Modern English usage

  • guarantee — [n] pledge, promise agreement, assurance, attestation, bail, bargain, bond, certainty, certificate, certification, charter, collateral, contract, covenant, deposit, earnest, gage, guaranty, insurance, lock, oath, pawn, pipe, recognizance,… …   New thesaurus

  • guarantee — ► NOUN 1) a formal assurance that certain conditions will be fulfilled, especially that a product will be of a specified quality. 2) something that makes an outcome certain. 3) variant spelling of GUARANTY(Cf. ↑guaranty). 4) less common term for… …   English terms dictionary

  • guarantee — See guaranty. American Banker Glossary The assumption of responsibility for payment of a debt or performance of some obligation if the liable party fails to perform to expectations. Bloomberg Financial Dictionary Financial security required for… …   Financial and business terms

  • guarantee — guar|an|tee1 [ ,gerən ti ] noun count ** 1. ) something that makes it certain that something will happen: guarantee of: Massive investment is no guarantee of success. guarantee against: Being with you is my guarantee against them harming me.… …   Usage of the words and phrases in modern English

  • guarantee */*/ — I UK [ˌɡærənˈtiː] / US [ˌɡerənˈtɪ] verb [transitive] Word forms guarantee : present tense I/you/we/they guarantee he/she/it guarantees present participle guaranteeing past tense guaranteed past participle guaranteed 1) to make it certain that… …   English dictionary

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