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guaranty
[ gar-uhn-tee ]
noun
- a warrant, pledge, or formal assurance given as security that another's debt or obligation will be fulfilled.
- something that is taken or presented as security.
- the act of giving security.
- a person who acts as a guarantor.
verb (used with object)
guaranty
/ ˈɡærəntɪ /
noun
- a pledge of responsibility for fulfilling another person's obligations in case of that person's default
- a thing given or taken as security for a guaranty
- the act of providing security
- a person who acts as a guarantor
verb
- a variant of guarantee
Other Words From
- non·guaran·ty noun plural nonguaranties
- re·guaran·ty noun plural reguaranties
Word History and Origins
Word History and Origins
Origin of guaranty1
Example Sentences
If the company went bankrupt, you’ll need to consult the guaranty association in the state where your mother lived.
“We aren’t talking about things that are privileges, we are talking about constitutionally guarantied freedoms,” said Rhodes.
Your state’s guaranty association protects your annuity up to certain limits if your insurer fails.
"Just want to keep you in the loop – no guaranty that these will get signed and funded, but we remain hopeful," John Haley, a lawyer for Trump Media, wrote in a December 2021 email.
If that fails, annuity holders will receive coverage through their state’s guaranty association, up to certain limits.
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