Associations to the word «Guaranty»

Wiktionary

GUARANTY, noun. (legal) An undertaking to answer for the payment of some debt, or the performance of some contract or duty, of another, in case of the failure of such other to pay or perform; a warranty; a security.
GUARANTY, noun. Something serving as a security for such an undertaking.
GUARANTY, noun. An assurance or guarantee.
GUARANTY, verb. Obsolete spelling of guarantee

Dictionary definition

GUARANTY, noun. A collateral agreement to answer for the debt of another in case that person defaults.

Wise words

Language is a process of free creation; its laws and principles are fixed, but the manner in which the principles of generation are used is free and infinitely varied. Even the interpretation and use of words involves a process of free creation.
Noam Chomsky