Ballentine's law dictionary. Anderson, W.S.. 1998.
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 — 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
payment — The fulfilment of a promise, or the performance of an agreement. A discharge of an obligation or debt, and part payment, if accepted, is a discharge pro tanto. In a more restricted legal sense payment is the performance of a duty, promise, or… … Black's law dictionary
guaranty of collection — A guaranty which is not absolute but implies that the creditor will make diligent effort to enforce the collection of the obligation from the principal debtor. To be distinguished from a guaranty of payment. 24 Am J1st Guar § 17 … Ballentine's law dictionary
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 — (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 — 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
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 * * * guaranty guar‧an‧ty [ˈgærənti] noun guaranties PLURALFORM [countable] FINANCE LAW a… … Financial and business terms
