What is the meaning of guaranty?

guaranty is a promise by one party to pay the debt or perform an obligation of a second party if the second party fails to carry out terms of the obligation to a third party. See: guarantee.

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APABarry Goldsmith. (2010). guaranty. Retrieved September 23, 2026, from http://smartdefine.org/guaranty/definitions/1155250
ChicagoBarry Goldsmith. 2010. "guaranty" http://smartdefine.org/guaranty/definitions/1155250 (accessed September 23, 2026).
HarvardBarry Goldsmith 2010, guaranty, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/guaranty/definitions/1155250>.
MLABarry Goldsmith. "guaranty" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/guaranty/definitions/1155250>
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