The DICT Development Group
1 definition found
From The Collaborative International Dictionary of English v.0.48 :
Guaranty \Guar"an*ty\, v. t. [imp. & p. p. Guarantied; p. pr.
& vb. n. Guarantying.] [From Guaranty, n.]
In law and common usage: To undertake or engage that another
person shall perform (what he has stipulated); to undertake
to be answerable for (the debt or default of another); to
engage to answer for the performance of (some promise or duty
by another) in case of a failure by the latter to perform; to
undertake to secure (something) to another, as in the case of
a contingency. See Guarantee, v. t.
Note: Guaranty agrees in form with warranty. Both guaranty
and guarantee are well authorized by legal writers in
the United States. The prevailing spelling, at least
for the verb, is guarantee.
Contactemail@example.com Specification=RFC 2229