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guarantee

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guarantee


  3  definitions  found 
 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
 
  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  some  duty,  in 
  case  of  the  failure  of  another  person,  who  is  in  the 
  first  instance,  liable  to  such  payment  or  performance;  an 
  engagement  which  secures  or  insures  another  against  a 
  contingency;  a  warranty;  a  security.  Same  as  Guaranty. 
 
  His  interest  seemed  to  be  a  guarantee  for  his  zeal. 
  --Macaulay. 
 
  2.  One  who  binds  himself  to  see  an  undertaking  of  another 
  performed;  a  guarantor.  --South. 
 
  Note:  Guarantor  is  the  correct  form  in  this  sense 
 
  3.  (Law)  The  person  to  whom  a  guaranty  is  made  --  the 
  correlative  of  guarantor. 
 
  Syn:  {Guarantee},  {Warranty.} 
 
  Usage:  A  guarantee  is  an  engagement  that  a  certain  act  will 
  be  done  or  not  done  in  future.  A  warranty  is  an 
  engagement  as  to  the  qualities  or  title  of  a  thing  at 
  the  time  of  the  engagement. 
 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
 
  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  secure  (a  possession,  right  claim, 
  etc.)  to  another  against  a  specified  contingency,  or  at  all 
  avents;  to  give  a  guarantee  concerning;  to  engage,  assure,  or 
  secure  as  a  thing  that  may  be  depended  on  to  warrant;  as  to 
  guarantee  the  execution  of  a  treaty. 
 
  The  United  States  shall  guarantee  to  every  State  in 
  this  Union  a  republican  form  of  government. 
  --Constitution 
  of  the  U.  S. 
 
  From  WordNet  r  1.6  [wn]: 
 
  guarantee 
  n  1:  a  written  assurance  that  some  product  or  service  will  be 
  provided  or  will  meet  certain  specifications  [syn:  {warrant}, 
  {warranty}] 
  2:  a  pledge  that  something  will  happen  or  that  something  is 
  true;  "there  is  no  guarantee  that  they  are  not  lying" 
  3:  a  collateral  agreement  to  answer  for  the  debt  of  another  in 
  case  that  person  defaults  [syn:  {guaranty}] 
  v  1:  give  surety  or  assume  responsibility;  "I  vouch  for  the 
  quality  of  my  products"  [syn:  {vouch}] 
  2:  make  certain  of  "This  nest  egg  will  ensure  a  nice 
  retirement  for  us";  "Preparation  will  guarantee  success!" 
  [syn:  {ensure},  {insure},  {assure},  {secure}] 
  3:  promise  or  guarantee  [syn:  {undertake}] 
  4:  stand  behind  [syn:  {warrant}] 




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