Meaning & use
guaranty
Last updated
A formal pledge, especially a legal one, to answer for the debt or default of another person.
See it in a sentence
The bank required a personal guaranty before approving the small business loan.
His father signed a guaranty backing the lease on the apartment.
A note on using this word
Though often confused with 'guarantee,' guaranty is the preferred spelling in legal and financial documents for the formal promise itself.
Words with a similar meaning
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