Guarantee meaning

Definition of guarantee. Guarantee definition, a promise or assurance, especially one in writing, that something is of specified quality, content, benefit, etc. Guaranteed definition is - assured with a guarantee : protected or promised by a guarantee. How to use guaranteed in a sentence.

In other words, if the debtor fails to settle a debt, the bank will cover it.

A bank guarantee enables the customer, or debtor, to acquire goods, buy equipment or draw down a loan. Providing a personal guarantee means that if the business. In some California locales … public-safety workers can pull down truly swank livings, given their salaries, health benefits and guaranteed pension payouts. Spanish garante or confusion with legalese ending… See definitions of guarantee.

Something that assures a particular outcome or condition: Lack of interest is a guarantee of failure. A promise or assurance, especially one. Synonyms and Antonyms of guarantee.

A personal guarantee is an individual’s legal promise to repay credit issued to a business for which they serve as an executive or partner. A financial guarantee is a contract by a third party (guarantor) to back the debt of a second party (the creditor) for its payments to the ultimate debtholder. Guarantee” means “an assurance given by one party to another for fulfilling a condition. Guarantee” refers to the agreement between two parties where one party secures from the other party some possession. It also refers to quality assurance given by one party or person to another for a specific period of time.

Guarantees and warranties usually operate for a limited time-period from the date of purchase, though some products like cars may relate guarantee conditions to both time and mileage. English dictionary definition of guaranteed. A guarantee is a written promise by a company to replace or repair a product free of charge if it has any faults within a particular time.

Guaranteeing definition, a promise or assurance, especially one in writing, that something is of specified quality, content, benefit, etc. It most commonly designates a private transaction by means of which one person, to obtain some trust, confidence or credit for another, engages to be answerable for him. In a sense, guarantee is the more general term and warranty is the more specific (that is, written and legal) term.

But a closer look at these words shows a relationship that is even closer than that: they were originally one and the same. The system costs £99. To confirm or certify that an item or product will not break or deteriorate for a certain length of time (stated after for).

I hope the company guaranteed your fancy new blender against breaking for at least a year.

It has a one-year guarantee that covers parts and labor. Not to be confused with: guaranty – a warrant;. An example of guarantee is a document stating that a new barbecue grill will be repaired free of charge for the first two years after purchase. One of the easiest and most convenient ways for a small business to raise money is to use a business credit card. Guarantee is defined as to state with confidence that something will happen.

Oxford Dictionaries as A formal promise or assurance (typically in writing) that certain conditions will be fulfille especially that a pro. What does guarantee mean? A word that we commonly use that is one of the hardest words out of the dictionary to spell correctly. Most people just use spell check to fix it , but without it spelling this word right is frustrating. As a noun, guarantee is “an agreement assuming responsibility to perform, execute, or complete something and offering security for that agreement.

It is a promise or an assurance, especially one given in writing, that attests to the quality or durability of a product or service, or a pledge that something will be performed in a specified manner.