GUARANTY


Meaning of GUARANTY in English

( 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.

Webster's Revised Unabridged English Dictionary.      Пересмотренный полный словарь английского языка Webster.