guarantee of debt payment
1guarantee — See guaranty. American Banker Glossary The assumption of responsibility for payment of a debt or performance of some obligation if the liable party fails to perform to expectations. Bloomberg Financial Dictionary Financial security required for… …
2guarantee — gua·ran·tee /ˌgar ən tē, ˌgär / n [probably alteration of guaranty] 1: guarantor 2: guaranty (1) 3: an assurance that a condition will be fulfilled: as …
3Guarantee — Guar an*tee , n.; pl. {Guarantees}. [For guaranty, prob. influenced by words like assignee, lessee, etc. See {Guaranty}, and cf. {Warrantee}.] 1. In law and common usage: A promise to answer for the payment of some debt, or the performance of… …
4debt — n [Old French dette, ultimately from Latin debita, plural of debitum debt, from neuter of debitus, past participle of debere to owe] 1: something owed: as a: a specific sum of money or a performance due another esp. by agreement (as a loan… …
5guarantee — n Guarantee, guaranty, surety, security, bond, bail are comparable when they mean either something that is given or pledged as assurance of one s responsibility (as for the payment of a debt, the fulfillment of a promise or obligation, or the… …
6Guarantee — Guar an*tee , v. t. [imp. & p. p. {guaranteed}; p, pr. & vb. n. {Guaranteeing}.] [From {Guarantee}, n.] In law and common usage: to undertake or engage for the payment of (a debt) or the performance of (a duty) by another person; to undertake to… …
7Debt — For other uses, see Debt (disambiguation). Personal finance Credit and debt Pawnbroker Student loan Employment contract …
8payment — noun 1 paying/being paid ADJECTIVE ▪ immediate (esp. BrE), prompt ▪ late ▪ penalties for late payment of tax ▪ early (esp. BrE) ▪ …
9guarantee — 1 verb (T) 1 PROMISE STH WILL HAPPEN to promise that something will certainly happen or be done: guarantee (that): Take this opportunity, and I guarantee you won t regret it. | guarantee sth: The authorities could not guarantee the safety of the… …
10guarantee — /gærənˈti / (say garuhn tee) noun 1. a warrant, pledge, or promise accepting responsibility for the discharging of another s liabilities, as the payment of a debt. 2. a promise or assurance, especially one given in writing by a manufacturer, that …
