guaranty

guaranty
An agreement by a person, partnership, or corporation (other than the borrower) to repay a bank loan if the borrower does not pay. American Banker Glossary

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guaranty guar‧an‧ty [ˈgærənti] noun guaranties PLURALFORM [countable]
FINANCE LAW a formal promise, especially of payment:

• Our corporation is now owned by the federal government, but our debt doesn't carry an explicit government guaranty.

Guaranty funds provide the best system for protecting policyholders.

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guaranty UK US /ˈɡærənti/ noun [C] (plural guaranties)
BANKING, LAW a legal agreement in which a person or organization promises to pay back a loan if the person or organization that originally borrowed the money cannot: a guaranty against sth »

The two banks have been able to find investors because they come with solid guaranties against default.

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guaranty fee

BANKING, LAW a GUARANTOR(Cf. ↑guarantor)

Financial and business terms. 2012.

Игры ⚽ Нужно решить контрольную?
Synonyms:

Look at other dictionaries:

  • guaranty — guar·an·ty / gar ən tē, gär / n pl ties [Old French garantie, from garantir to guarantee, from garant warrant] 1: a pledge to pay another s debt or to perform another s duty in case of the other s default or inadequate performance compare letter… …   Law dictionary

  • 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 …   The Collaborative International Dictionary of English

  • Guaranty — Guar an*ty, n.; pl. {Guaranies}. [OF. guarantie, garantie, F. garantie, OF. guarantir, garantir, to warrant, to guaranty, E. garantir, fr. OF. guarant, garant, a warranter, F. garant; of German origin, and from the same word as warranty. See… …   The Collaborative International Dictionary of English

  • guaranty — (n.) act or fact of guaranteeing, 1520s, garrantye, from earlier garant (see GUARANTEE (Cf. guarantee)) with influence from O.Fr. garantie protection, defense, originally pp. of garantir to protect, from the same source. The sense of pledge given …   Etymology dictionary

  • guaranty — *guarantee, surety, security, bond, bail Analogous words: *pledge, earnest, token: *contract, bargain …   New Dictionary of Synonyms

  • guaranty — (also guarantee) ► NOUN (pl. guaranties) 1) an undertaking to answer for the payment of a debt or for the performance of an obligation by another person liable in the first instance. 2) a thing serving as security for such an undertaking …   English terms dictionary

  • guaranty — [gar′ən tē] n. pl. guaranties [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… …   English World dictionary

  • guaranty — 1. v. To undertake collaterally to answer for the payment of another s debt or the performance of another s duty, liability, or obligation; to assume the responsibility of a guarantor; to warrant. See guaranty noun, 2. n A collateral agreement… …   Black's law dictionary

  • guaranty — 1. v. To undertake collaterally to answer for the payment of another s debt or the performance of another s duty, liability, or obligation; to assume the responsibility of a guarantor; to warrant. See guaranty noun, 2. n A collateral agreement… …   Black's law dictionary

  • guaranty — An undertaking or promise, on the part of one person called the guarantor, which is collateral to a primary or principal obligation on the part of another, and which binds the guarantor to performance in the event of nonperformance by such other… …   Ballentine's law dictionary

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