What is the meaning of guarantee

Definition of guarantee. The washer comes with a guarantee against major defects. The meaning of life is to reproduce.

There is no other pre-programmed function we are more driven towards besides survival. Because he hasnt had sex.

But why is that so important? You can spent a lifetime to search for the meaning of life. However, I would advise you not. If you try to kill time, it will eventually kill you.

Usually, the party receiving the guarantee will first try to collect or obtain performance from. Life is meant for the living. Guarantee definition, a promise or assurance , especially one in writing , that something is of specified quality , content , benefit , etc.

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.

English dictionary definition of guaranty. He left his gold watch as a guaranty that he would bring the car back. A letter of guarantee is a type of contract issued by a bank on behalf of a customer who has entered a contract to purchase goods from a supplier. The letter of guarantee lets the supplier know that they will be pai even if the customer of the bank defaults. If a baseball player guarantees his team will win the World Series, he better not lead the league in strikeouts.

Guaranteed definition , a promise or assurance, especially one in writing, that something is of specified quality, content, benefit, etc. To assume responsibility for the quality or performance of : guarantee a product. To make certain: The rain guarantees a good crop this year. To furnish security for. A guarantee is a legal promise made by a third party (guarantor) to cover a borrower’s debt or other types of liability in case of the borrower’s defaultDebt DefaultA debt default happens when a borrower fails to pay his or her loan at the time it is due.

A formal assurance (typically in writing) that certain conditions will be fulfille especially that a product will be repaired or replaced if not of a specified quality. 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 for guarantee at Thesaurus. Find descriptive alternatives for guarantee.

The bank guarantee means a lending institution ensures that the liabilities of a debtor will be met. In other words, if the debtor fails to settle a debt, the bank will cover it.

Contract of Guarantee – Meaning, Essentials Sec. 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. 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.

Something that assures a particular outcome or condition: Lack of interest is a guarantee of failure. A promise or assurance, especially one. GUARANTEE (noun) The noun GUARANTEE has senses: 1. A guarantee also outlines what will happen should the buyer not be satisfied with his purchase. The entity assuming this responsibility is called the guarantor. If the bank is comfortable with the risk, they will back the customer with the letter, for an annual fee.

A bank guarantee is a promise from a bank or other lending institution that if a particular borrower defaults on a loan, the bank will cover the loss. Any promise about the quality, condition, or reliability of a product that a seller makes and that you rely upon when buying a product can create a warranty or guarantee. A direct statement, either verbally or in writing, promising that a product will meet specific expectations creates an express warranty.