Guarantee definition

Word Origin late 17th century (in the sense ‘guarantor’): perhaps from Spanish garante, corresponding to French garant (see warrant), later influenced by French garantie ‘guaranty’. Definition of guarantee. The washer comes with a guarantee against major defects. 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.

What does guarantee mean ? Oxford Dictionaries as A formal assurance (typically in writing) that certain conditions will be fulfille especially that a product will b. Sometimes, a guaranteed loan is guaranteed by a government. English dictionary definition of guarantees. It has a one-year guarantee that covers parts and labor.

The entity assuming this responsibility is called the guarantor. A guarantee is a written promise that a manufacturer or retailer will repair a product or give you a new one, if the product has a fault. Talking about guarantees If a product is under guarantee , it is protected by a guarantee at that particular 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. Guarantee is a legal term more comprehensive and of higher import than either warranty or security. 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. Synonyms and Antonyms of guarantee. Guarantee , in law, a contract to answer for the payment of some debt, or the performance of some duty, in the event of the failure of another person who is primarily liable.

The agreement is expressly conditioned upon a breach by the principal debtor. If a baseball player guarantees his team will win the World Series, he better not lead the league in strikeouts. We guarantee that you will love our product, it is one of the most demanding products in the US and The Caribbean. The bank had a guarantee in terms of their relationship between the actual property and the lender and borrower to safeguard its assets. A guarantee also outlines what will happen should the buyer not be satisfied with his purchase.

Guaranteeing definition , a promise or assurance, especially one in writing, that something is of specified quality, content, benefit, etc. A promise to be answerable for the debt or obligation of another in the event of nonpayment or nonperformance. Something given as security for the execution, completion, or existence of something else.

The act of providing such security. A guarantee , as for a product or service: a new refrigerator still under guaranty. A bank guarantee is when a lending institution promises to cover a loss if a borrower defaults on a loan, of which there are many examples. Individuals often choose direct guarantees for.

A guarantor acts as co-signer because they pledge their own assets or services in case the original debtor cannot perform their obligations.

Parties will generally require a medallion signature guarantee when an owner wants to sell or transfer securities, such as stocks or bonds, held in physical certificate form. Performance bond or other type of guarantee in which the guarantor effectively becomes a co-signatory to the underlying contract. A guarantee is a promise that something will be performed in a certain manner or an item will fulfill certain expectations.

Guarantees are usually formal, written pledges that an item purchased is in good working order and will remain so for a reasonable amount of time, or a service rendered was done in a professional, competent manner that assures a specific outcome. 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 promise made by a bank to provide payment to another bank or lender on a bon loan, or other liability in the event of default. Banks often make guarantees on behalf of certain clients to promise payment on loans. Bank guarantees reduce the risk to loans and liabilities and usually improve the credit agency ratings of bonds.