What does the word guarantee mean

Something that assures a particular outcome or condition: Lack of interest is a guarantee of failure. A promise or an assurance, especially one given in writing, that attests to the quality or durability of a product. The word “faith” is translated from the Greek pi′stis, primarily conveying the thought of confidence, trust, and firm persuasion. Depending on the context, the Greek word may also be understood to mean “faithfulness” or “fidelity.

Freedom from war with a foreign.

Definition of guarantee. The washer comes with a guarantee against major defects. English dictionary definition of guarantee. It has a one-year guarantee that covers parts and labor. Noun) A written declaration that a certain product will be fit for a purpose and work correctly.

The cooker comes with a 5-year guarantee. If a baseball player guarantees his team will win the World Series, he better not lead the league in strikeouts.

Usually, the party receiving the guarantee will first try to collect or obtain performance from the debtor before trying to collect from the one making the guarantee (guarantor). What does guaranty mean ? Information and translations of guaranty in the most comprehensive dictionary definitions resource on the web. Its guarantee is the laws of the universe, and these are the Hands of the Living God. With such a guarantee from a man in such favour at Court, who could doubt? Experts had to decide, whether the quality tendered was up to the guarantee.

Meaning , pronunciation, translations and examples. As you can see, the second meaning of the verb guarantee is similar to the meaning of the word guaranty. Look at the following examples. As a noun, guarantee means an agreement or promise, usually in writing. As a verb, guarantee refers to the act of making such a promise.

Guarantee can be a noun or a verb. In only very specific legal situations will the use of guarantee vs. Legally, a guarantee, as opposed to a warranty, can also be describe as a promise to be responsible for another’s debt or obligations. For example, a parent may guarantee a child’s car loan.

A warranty is a written guarantee which enables you to get a product repaired or replaced free of charge within a certain period of time.

The equipment is still under warranty. WARRANTY (noun) The noun WARRANTY has sense: 1. Looking for online definition of guarantee or what guarantee stands for? The definition of a guarantee is a promise that something will happen. 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. We can guarantee you the very finest standards of service.

Companies use the word all the time – it’s supposed to mean something, but whether or not it actually does after all these years of over-usage is something entirely different. As a consumer, you have the right to a full refund of a good’s or service’s purchase price if the sale was made under the assurance. It may also designate a treaty through which claims, rights or possessions are secured. Is an assurance that is given with a product that the product is fit for purpose, the terms and conditions of purchase and length of time the guarantee is for.

Most products of a certain value come with a product guarantee according to the manufacturer or business product guarantee. He who makes a guaranty. GUARANTOR, contracts.

To sum up, Indemnity is a contract by which one party promises the other party to compensate the loss or damage caused either by. 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.