Guarantying

1 definition found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  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.
     [1913 Webster]
  
     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.
           [1913 Webster]