guaranty
- An assurance offered to cover another person's financial obligation in case they fail to fulfill it themselves
- Something offered as a safety measure to ensure the fulfillment of a responsibility
- The safeguarding of rights provided by law, such as those outlined in a constitution
- The bank required a guaranty from the business owner before approving the loan.
- To ensure the deal, a guaranty was provided in the form of a valuable property.
- The Bill of Rights serves as a guaranty of certain individual freedoms under law.
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