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guaranty

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The definition of a guaranty is a promise or written agreement to do something.

(noun)

An example of a guaranty is a written statement by an electronics store that they have the best price available on a television; a price guaranty.

See guaranty in Webster's New World College Dictionary

noun pl. guaranties

a pledge committing a person to the payment of another's debt or the fulfillment of another's obligation in the event of default
an agreement that secures the existence or maintenance of something
something given or held as security
a guarantor

Origin: OFr garantie < garantir, to guarantee < garant, warant, a warrant, supporter < Frank *warand, prp. of *warjan, to verify (akin to OHG werēn < wār, true < IE *weros, true > L verus), infl. also by *warjan, to defend, akin to OE werian: see weir

transitive verb guarantied, guarantying

guarantee

See guaranty in American Heritage Dictionary 4

noun pl. guar·an·ties

An agreement by which one person assumes the responsibility of assuring payment or fulfillment of another's debts or obligations.
a. Something given as security for the execution, completion, or existence of something else.
b. The act of providing such security.
a. A guarantee, as for a product or service: a new refrigerator still under guaranty.
b. A guarantee to perform something in a specified way.
A guarantee serving to assure a particular outcome or condition.
A guarantor.