Guaranty Meaning in English
word
Definición
A legal promise made by one party to pay or perform an obligation if another person fails to do so, often used in business and finance. Similar to 'guarantee', but used more formally in legal contexts.
Uso & Matices
Mainly formal and legal; 'guaranty' is most often found in contracts and legal documents, where it refers to a specific type of financial or legal promise. Do not confuse with 'guarantee', which is more common in everyday English and covers broader assurances.
Oraciones de Ejemplo
The company provided a guaranty for the loan.
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He signed a guaranty to help his friend buy a car.
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A guaranty is required for this type of contract.
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Without a guaranty, the bank refused to approve the business loan.
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That document acts as a legal guaranty if things go wrong.
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Lawyers reviewed the guaranty to make sure it protected both sides.
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