Guaranty: meaning, definitions and examples

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guaranty

 

[ หˆษกษ›rษ™nti ]

Noun
Context #1 | Noun

legal agreement

A guaranty is a legal commitment made by one party to assume responsibility for the debt or obligations of another party if that party fails to meet their obligations. It is often used in financial transactions to provide assurance to lenders or creditors that they will be compensated in case of default. A guaranty must be in writing and signed to be enforceable under the law. In some situations, a guarantor may be required to provide collateral to secure the guaranty.

Synonyms

bond, guarantee, pledge, warranty.

Examples of usage

  • The bank required a guaranty for the loan.
  • She signed a guaranty to ensure her friend's lease agreement.
  • As a guarantor, you are liable for any missed payments.
  • A written guaranty can protect the lender's interests.
  • They sought a guaranty from their parents before purchasing a home.

Translations

Translations of the word "guaranty" in other languages:

๐Ÿ‡ต๐Ÿ‡น garantia

๐Ÿ‡ฎ๐Ÿ‡ณ เค—เคพเคฐเค‚เคŸเฅ€

๐Ÿ‡ฉ๐Ÿ‡ช Garantie

๐Ÿ‡ฎ๐Ÿ‡ฉ jaminan

๐Ÿ‡บ๐Ÿ‡ฆ ะณะฐั€ะฐะฝั‚ั–ั

๐Ÿ‡ต๐Ÿ‡ฑ gwarancja

๐Ÿ‡ฏ๐Ÿ‡ต ไฟ่จผ

๐Ÿ‡ซ๐Ÿ‡ท garantie

๐Ÿ‡ช๐Ÿ‡ธ garantรญa

๐Ÿ‡น๐Ÿ‡ท garanti

๐Ÿ‡ฐ๐Ÿ‡ท ๋ณด์ฆ

๐Ÿ‡ธ๐Ÿ‡ฆ ุถู…ุงู†

๐Ÿ‡จ๐Ÿ‡ฟ zรกruka

๐Ÿ‡ธ๐Ÿ‡ฐ zรกruka

๐Ÿ‡จ๐Ÿ‡ณ ไฟ่ฏ

๐Ÿ‡ธ๐Ÿ‡ฎ garancija

๐Ÿ‡ฎ๐Ÿ‡ธ vรกtrygging

๐Ÿ‡ฐ๐Ÿ‡ฟ ะณะฐั€ะฐะฝั‚ะธั

๐Ÿ‡ฌ๐Ÿ‡ช แƒ’แƒแƒ แƒแƒœแƒขแƒ˜แƒ

๐Ÿ‡ฆ๐Ÿ‡ฟ zaminษ™t

๐Ÿ‡ฒ๐Ÿ‡ฝ garantรญa

Etymology

The word 'guaranty' originated in the Middle English word 'garantie', from the Old French term 'garantie', which means 'a protection' or 'a warrant'. This French term is derived from the root verb 'garantir', meaning 'to protect' or 'to guarantee'. The Latin root 'guarantire' also contributed to its evolution, emphasizing obligations and promises. Over time, 'guaranty' has come to be a recognized legal term used primarily in the context of finance and contracts. It differentiates itself from 'guarantee', though often used interchangeably, the former typically denotes the formal written obligation required in legal and financial documents. Its usage has expanded to include various forms of assurance in different contexts, reflecting its integral role in legal protections and financial transactions.

Word Frequency Rank

Ranked #10,560, this word falls into high-advanced vocabulary. It appears less frequently but is valuable for expressing precise meanings in specific contexts.