guarantee

guarantee
/ˌgærən'ti:/ noun
1. a legal document in which the producer agrees to compensate the buyer if the product is faulty or becomes faulty before a specific date after purchase
a certificate of guarantee or a guarantee certificate
The guarantee lasts for two years.
It is sold with a twelve-month guarantee.
the car is still under guarantee the car is still covered by the maker’s guarantee
2. a promise that someone will pay another person’s debts
to go guarantee for someone to act as security for someone’s debts
3. something given as a security
to leave share certificates as a guarantee
verb
1. to give a promise that something will happen
to guarantee a debt to promise that you will pay a debt made by someone else
to guarantee an associate company to promise that an associate company will pay its debts
to guarantee a bill of exchange to promise that the bill will be paid
2.
the product is guaranteed for twelve months the manufacturer says that the product will work well for twelve months, and will mend it free of charge if it breaks down

Dictionary of banking and finance. 2015.

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  • guarantee — gua·ran·tee /ˌgar ən tē, ˌgär / n [probably alteration of guaranty] 1: guarantor 2: guaranty (1) 3: an assurance that a condition will be fulfilled: as …   Law dictionary

  • guarantee — n Guarantee, guaranty, surety, security, bond, bail are comparable when they mean either something that is given or pledged as assurance of one s responsibility (as for the payment of a debt, the fulfillment of a promise or obligation, or the… …   New Dictionary of Synonyms

  • Guarantee — Guar an*tee , v. t. [imp. & p. p. {guaranteed}; p, pr. & vb. n. {Guaranteeing}.] [From {Guarantee}, 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… …   The Collaborative International Dictionary of English

  • guarantee — [gar΄ən tē′, gar′ən tē΄] n. [altered < GUARANTY, after words ending in EE1] 1. GUARANTY (n. 1 & 3) 2. a pledge or assurance; specif., a) a pledge that something is as represented and will be replaced if it does not meet specification …   English World dictionary

  • Guarantee — Guar an*tee , n.; pl. {Guarantees}. [For guaranty, prob. influenced by words like assignee, lessee, etc. See {Guaranty}, and cf. {Warrantee}.] 1. In law and common usage: A promise to answer for the payment of some debt, or the performance of… …   The Collaborative International Dictionary of English

  • guarantee — guarantee, guaranty The two words have close meanings relating to the fulfilment of a legal obligation. Guarantee is used for the verb, and also for the noun when the obligation relates to the quality of a product or service, whereas guaranty is… …   Modern English usage

  • guarantee — [n] pledge, promise agreement, assurance, attestation, bail, bargain, bond, certainty, certificate, certification, charter, collateral, contract, covenant, deposit, earnest, gage, guaranty, insurance, lock, oath, pawn, pipe, recognizance,… …   New thesaurus

  • guarantee — ► NOUN 1) a formal assurance that certain conditions will be fulfilled, especially that a product will be of a specified quality. 2) something that makes an outcome certain. 3) variant spelling of GUARANTY(Cf. ↑guaranty). 4) less common term for… …   English terms dictionary

  • guarantee — See guaranty. American Banker Glossary The assumption of responsibility for payment of a debt or performance of some obligation if the liable party fails to perform to expectations. Bloomberg Financial Dictionary Financial security required for… …   Financial and business terms

  • guarantee */*/ — I UK [ˌɡærənˈtiː] / US [ˌɡerənˈtɪ] verb [transitive] Word forms guarantee : present tense I/you/we/they guarantee he/she/it guarantees present participle guaranteeing past tense guaranteed past participle guaranteed 1) to make it certain that… …   English dictionary

  • guarantee — guar|an|tee1 [ ,gerən ti ] noun count ** 1. ) something that makes it certain that something will happen: guarantee of: Massive investment is no guarantee of success. guarantee against: Being with you is my guarantee against them harming me.… …   Usage of the words and phrases in modern English

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