| Guaranty (guaranty) |
|---|
| n. | (?) |
|---|
| Guar"an*ty |
| ; pl.
Guaranies (#). [OF. guarantie,
garantie, F. garantie, OF. guarantir,
garantir, to warrant, to guaranty, E. garantir,
fr. OF. guarant, garant, a warranter, F. |
In
law and common usage: 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 guarantee;
a warranty; a security.
|
| Guaranty (guaranty) |
|---|
| v. t. | |
|---|
| Guar"an*ty |
|
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.
|
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In celebration of Noah Webster's Birthday (October 16, 2009), we have prepared an updated website. 