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An agreement by which one person assumes the responsibility of assuring payment or fulfillment of another's debts or obligations.
(noun)
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Something given as security for the execution, completion, or existence of something else.
(noun)
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The act of providing such security.
(noun)
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A guarantee, as for a product or service: a new refrigerator still under guaranty.
(noun)
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A guarantee to perform something in a specified way.
(noun)
American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.