guaranty
Speech parts
1. guaranty - Noun
2. guaranty - Verb
Meaning
In law and common usage: An undertaking to answer for the payment of some debt, or the performance of some contract or duty, of another, in case of the failure of such other to pay or perform; a guarantee; a warranty; a security.
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: Webster's dictionarySynonyms
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Phrases with the word
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Examples
As of September 30, 2019, Guaranty Bancshares, Inc. had total assets of $2.3 billion, total loans of $1.7 billion and total deposits of $2.0 billion.
Foster handled the Clintons' Madison Guaranty and Industrial Development Corporation paperwork, citation and several Whitewater -related tax returns as Deputy White House counsel.
Guaranty Trust Bank (GTBank), one of Nigeria’s leading tier-1 bank, has emerged the best digital bank in Nigeria, displacing…
Its restructuring plan needs approval from its secured lenders, bondholders and the Pension Benefit Guaranty Corp.
A personal guaranty spools up another live body to sue in the event of a default by a corporate debtor.
Even if a company isn't able to fulfill its obligations, there's the Pension Benefit Guaranty Corporation (PBGC), which insures vested pension payments (for many but not all pension plans) up to a certain sum annually for pensioners aged 65 and up.