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Definition or meaning of the English word Guaranty
In law and common usage: An undertaking to answer for the payment of some debt; or the performance of some contract or duty; of another; in case of the failure of such other to pay or perform; a guarantee; a warranty; a security. (n.). In law and common usage: To undertake or engage that another person shall perform what he has stipulated; to undertake to be answerable for the debt or default of another; to engage to answer for the performance of some promise or duty by another (n.). |
