The DICT Development Group
1 definition found
From The Collaborative International Dictionary of English v.0.48 :
Guarantee \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 some duty, in
case of the failure of another person, who is, in the
first instance, liable to such payment or performance; an
engagement which secures or insures another against a
contingency; a warranty; a security. Same as Guaranty.
His interest seemed to be a guarantee for his zeal.
2. One who binds himself to see an undertaking of another
performed; a guarantor. --South.
Note: Guarantor is the correct form in this sense.
3. (Law) The person to whom a guaranty is made; -- the
correlative of guarantor.
Syn: Guarantee, Warranty.
Usage: A guarantee is an engagement that a certain act will
be done or not done in future. A warranty is an
engagement as to the qualities or title of a thing at
the time of the engagement.
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