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  1  definition  found 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
  Guaranty  \Guar"an*ty\,  v.  t.  [imp.  &  p.  p.  {Guarantied};  p.  pr 
  &  vb  n.  {Guarantying}.]  [From  {Guaranty},  n.] 
  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. 
  Note:  Guaranty  agrees  in  form  with  warranty.  Both  guaranty 
  and  guarantee  are  well  authorized  by  legal  writers  in 
  the  United  States.  The  prevailing  spelling,  at  least 
  for  the  verb  is  guarantee.