Definition of guarantee
- n. - In law and common usage: A promise to answer for the
payment of some debt, or the performance of some duty, in case of the
failure of another person, who is, in the first instance, liable to
such payment or performance; an engagement which secures or insures
another against a contingency; a warranty; a security. Same as
Guaranty.
- n. - One who binds himself to see an undertaking of another
performed; a guarantor.
- n. - The person to whom a guaranty is made; -- the
correlative of guarantor.
- 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 secure (a possession, right, claim, etc.) to another
against a specified contingency, or at all avents; to give a guarantee
concerning; to engage, assure, or secure as a thing that may be
depended on; to warrant; as, to guarantee the execution of a treaty.