/ English Dictionary |
GUARANTY
Pronunciation (US): | (GB): |
Irregular inflected form: guarantied
I. (noun)
Sense 1
Meaning:
A collateral agreement to answer for the debt of another in case that person defaults
Synonyms:
guarantee; guaranty
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("guaranty" is a kind of...):
collateral (a security pledged for the repayment of a loan)