Meaning of the word guaranty in English
What does guaranty mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
guaranty
UK
Noun
1.
a legal agreement in which a person or organization promises to pay back a loan if the person or organization that originally borrowed the money cannot:
Example:
•
The two banks have been able to find investors because they come with solid guaranties against default.
Learn This Word at Lingoland