See Also: guaranty(dictionary)
Guaranty(law)
Customer Guaranty(money)
Limited Guaranty(money)
Guaranty Bank(finance)
Bona Fide Guaranty(money)
Pension Benefit Guaranty Corporation (PBGC)(money)
Pension Benefit Guaranty Corporation (PBGC)(finance)

guaranty (iou)



guaranty noun & verb. E16.
[Anglo-Norman guarantie, Old & mod. French garantie use as noun of fem. pa. pple of g(u)arantir to guarantee, from Proto-Romance (whence guarant: see WARRANT noun1). Cf. WARRANTY.]
A. noun.
The action of securing, warranting, or guaranteeing; spec. a written undertaking to answer for the payment of a debt or the performance of an obligation by another person liable in the first instance to such payment or obligation. E16.
Something which secures or guarantees the existence or permanence of a thing. L17.
b. verb. = GUARANTEE verb. Now rare. M18.