DICT.TW Dictionary Taiwan
Guar·an·ty, v. t. [imp. & p. p. Guarantied p. pr. & vb. n. Guarantying.] 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.
Note: ☞ Guaranty agrees in form with warranty. Both guaranty and guarantee are well authorized by legal writers in the United States. The prevailing spelling, at least for the verb, is guarantee.
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guaranty
n : a collateral agreement to answer for the debt of another in
case that person defaults [syn: guarantee]
[also: guarantied]