First Known Use: 1592
Dictionary
1guaranty
noun guar·an·ty \ˈger-ən-tē, ˈgär-, ˈga-rən-\
law : a formal promise to pay a debt
: something that protects or maintains the existence of something else
plural guar·an·ties
Full Definition of GUARANTY
1
: an undertaking to answer for the payment of a debt or the performance of a duty of another in case of the other's default or miscarriage
2
: guarantee 3
3
4
: something given as security : pledge
5
: the protection of a right afforded by legal provision (as in a constitution)
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Origin of GUARANTY
Anglo-French garantie, from garantir, warentir to protect, warrant, guarantee — more at warrant
Other Economics Terms
2guaranty
verb
guarantiedguaranty·ing
Definition of GUARANTY
transitive verb
First Known Use of GUARANTY
1737
Other Economics Terms
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