guarantee

guarantee: guarantee 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 performance of a duty) or the person who accepts such responsibility and gives or pledges something by way of assurance. Guarantee and guaranty generally imply acceptance and especially contractual acceptance of this responsibility for another in case of his default; they may, however, imply an agreement to ensure for another the possession or enjoyment of a right, privilege, or prerogative. The words may be used interchangeably not only of something given as a pledge or of the person making the pledge but also of the contract or promise accepting the responsibility or obligation.

In idiomatic use, however, they are often distinguished, guarantee being more often applied to the person and guaranty the preferred term for the contract or promise; either word is acceptable as a designation for what is given or pledged

{
stand guarantee
}

{
the small nations begged for guaranties against invasion
}

{
his parents gave a guaranty for his good behavior
}

{
he even threatened the King of England with interdict, if, as guarantee of the treaty, he should enforce its forfeitures— Milman
}

{
many laws which it would be vain to ask the Court to overthrow could be shown, easily enough, to transgress a scholastic interpretation of one or another of the great guaranties in the Bill of Rights— Justice Holmes
}

Surety and security stress provision for the protection of a person who is in a position to lose by the default of another. Both words are employable as designating either the person who accepts the responsibility or the money or property turned over to be forfeited in case of default.

However, surety is the usual term for the person or corporation that serves as guarantee or guarantor for another, and security for the money, property, or certificates of ownership turned over to a creditor, beneficiary, or obligee or hypothecated for a loan and forfeitable in the case of one's own or another's default

{
every employee handling money is obliged to find a surety
}

{
a contractor provides a surety (as an insurance corporation) for his performance of a job according to the terms of the contract, but he gives security to the bank that loans him money to begin the job
}

{
unsecured debts are those for which no security has been given to the creditors
}

Though guarantee and surety usually imply a legal status and documentary proof of that status, they are also subject to more general use in which no such proof is implied, and they come close to certainty or assurance in meaning

{
devoted exclusively to clocks, watches, and the telling of time ... a museum has a virtual guarantee of popularity— Kirby
}

{
modern men have the additional surety of Christ the mediator— Bush
}

Bond implies documentary proof of one's acceptance of an obligation and a legally binding promise to repay the holder of that document a sum of money due him on one's own account or in case of the default of another for whom one serves as surety. Bond, therefore, is used either of the document which is given as a pledge

{
government bonds
}

{
give a bond as proof of one's suretyship
}

{
his word is as good as his bond
}

or for the person or corporation that serves as a legally bound surety

{
go bond for another
}

{
the King of England shall be bond for him— Pepys
}

Bail implies responsibility for the sure reappearance, at the time prescribed by the court, of a prisoner who has been released from jail pending his trial. The term is applicable to the security given and forfeitable if the prisoner does not return

{
the court asked $5000 as baii
}

{
the prisoner was not released because the bail was not forthcoming
}

or to the person serving as surety and providing the security

{
sirrah, call in my sons to be my bail— Shak.
}

{
his bail produced him in court at the appointed time
}

or to the state of being out of prison and in the custody of a surety

{
admit to baii
}

{
be out on baii
}

Analogous words: *pledge, earnest, token: guarantor, surety (see SPONSOR)

Игры ⚽ Поможем сделать НИР

Synonyms:

surety, security, warrant, assurance, Warrant, insure, guaranty, become surety for, be responsible for, answer for

Look at other dictionaries:

guarantee — 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 … Law dictionary
Guarantee — 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… … The Collaborative International Dictionary of English
guarantee — [gar΄ən tē′, gar′ən tē΄] n. [altered < GUARANTY, after words ending in EE1] 1. GUARANTY (n. 1 & 3) 2. a pledge or assurance; specif., a) a pledge that something is as represented and will be replaced if it does not meet specification … English World dictionary
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… … The Collaborative International Dictionary of English
guarantee — guarantee, guaranty The two words have close meanings relating to the fulfilment of a legal obligation. Guarantee is used for the verb, and also for the noun when the obligation relates to the quality of a product or service, whereas guaranty is… … Modern English usage
guarantee — [n] pledge, promise agreement, assurance, attestation, bail, bargain, bond, certainty, certificate, certification, charter, collateral, contract, covenant, deposit, earnest, gage, guaranty, insurance, lock, oath, pawn, pipe, recognizance,… … New thesaurus
guarantee — ► NOUN 1) a formal assurance that certain conditions will be fulfilled, especially that a product will be of a specified quality. 2) something that makes an outcome certain. 3) variant spelling of GUARANTY(Cf. ↑guaranty). 4) less common term for… … English terms dictionary
guarantee — 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… … Financial and business terms
guarantee */*/ — I UK [ˌɡærənˈtiː] / US [ˌɡerənˈtɪ] verb [transitive] Word forms guarantee : present tense I/you/we/they guarantee he/she/it guarantees present participle guaranteeing past tense guaranteed past participle guaranteed 1) to make it certain that… … English dictionary
guarantee — guar|an|tee1 [ ,gerən ti ] noun count ** 1. ) something that makes it certain that something will happen: guarantee of: Massive investment is no guarantee of success. guarantee against: Being with you is my guarantee against them harming me.… … Usage of the words and phrases in modern English

Academic Dictionaries and Encyclopedias

guarantee

Look at other dictionaries:

Share the article and excerpts

Academic Dictionaries and Encyclopedias

New Dictionary of Synonyms

guarantee

Look at other dictionaries:

Share the article and excerpts

Direct link