Guaranty

 

 

 

Guaranty

 

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Meanings, explanations, notes, information and links about the term guaranty

 

Guaranty

 

Meaning of term guaranty

Guaranty (n.) 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.

 

Source: http://www.mso.anu.edu.au/~ralph/OPTED/v003/wb1913_g.html

Author : OPTED is a public domain English word list dictionary, based on the public domain portion of "The Project Gutenberg Etext of Webster's Unabridged Dictionary" which is in turn based on the 1913 US Webster's Unabridged Dictionary

 

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Guaranty