guarantee meaning

  • Guarantee is a legal term more comprehensive and of higher import than either warranty or "security".
  • The giver of a guarantee is called the surety or the "guarantor".
  • Suretys have been classified as follows:
  • Those in which there is an agreement to constitute, for a particular purpose, the relation of principal and surety, to which agreement the secured creditor is a party;
  • those in which there is a similar agreement between the principal and surety only, to which the creditor is a stranger;
  • those in which, without any such contract of suretyship, there is a primary and a secondary liability of two persons for one and the same debt, the debt being, as between the two, that of one of those persons only, and not equally of both,
  • Part-of-Speech Hierarchy
    1. Nouns
      • Countable nouns
      • Verbs
      Related Links:
      1. en guaranteer
      2. en guarantees
      3. en guaranteed
      4. en guaranteers
      5. en guaranteeing
      Source: Wiktionary
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      Meaning of guarantee for the defined word.

      Grammatically, this word "guarantee" is a noun, more specifically, a countable noun. It's also a verb.
      Difficultness: Level 2
      Easy     ➨     Difficult
      Definiteness: Level 8
      Definite    ➨     Versatile