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  1. Dictionary
    guarantee
    /ˌɡarənˈtiː/

    noun

    • 1. a formal assurance (typically in writing) that certain conditions will be fulfilled, especially that a product will be repaired or replaced if not of a specified quality: "we offer a 10-year guarantee against rusting" Similar warrantywarrantcontractcovenant
    • 2. an undertaking to answer for the payment or performance of another person's debt or obligation in the event of a default by the person primarily responsible for it.

    verb

    • 1. provide a formal assurance, especially that certain conditions will be fulfilled relating to a product, service, or transaction: "the company guarantees to refund your money"
    • 2. promise with certainty: "no one can guarantee a profit on stocks and shares" Similar promiseswearswear to the factpledge

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  2. www.investopedia.com › terms › sSurety: Definition, How It Works With Bonds, and Distinctions

    Aug 29, 2024 · A surety is a promise or agreement made by one party that debts and financial obligations will be paid. In effect, a surety acts as a guarantee that a person or an organization assumes...

  3. www.supermoney.com › encyclopedia › guarantee-banksBank Guarantee: Understanding How They Work and Their Types

    Sep 12, 2024 · A guarantee bank, also known as a bank guarantee provider, is a financial institution that offers assurances or financial commitments to cover potential losses in contractual transactions. These guarantees act as a safety net for parties involved in business deals.

  4. en.wikipedia.org › wiki › ContractContract - Wikipedia

    Sep 21, 2024 · t. e. A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typically involves consent [1] to transfer of goods, services, money, or promise to transfer any of those at a future date.

  5. www.upcounsel.com › difference-between-warranty-andDifference Between Warranty and Condition in Contract Law -...

    Sep 4, 2024 · A warranty is a written guarantee that a seller issues to a buyer regarding particular claims. The claims must be factual and valid. An example of a warranty is a seller committing to replace or repair a product within a specified time if it doesn't meet the expected performance.

  6. www.lawfaremedia.org › article › what-does-the-guaranteeWhat Does the Guarantee Clause Actually Guarantee? | Lawfare

    Sep 20, 2024 · The Guarantee Clause provides a forgotten check on anti-republican laws and practices. For centuries, legal scholars and courts have persistently misread Luther v. Borden. That 1849 case supposedly stands for judicial aversion to ever interpreting the clause on the merits. Luther, though, was a narrow, bespoke decision.

  7. termly.io › resources › articlesMoney Back Guarantee: Do You Need One? - Termly

    Sep 13, 2024 · A money back guarantee, also known as a satisfaction guarantee, is a statement from a seller promising refunds for dissatisfied customers and is commonly used as a marketing technique to give consumers a sense of safety, especially when purchasing a new product.

  8. www.careers360.com › legal-studies › contract-of-guaranteeContract of Guarantee: Explanation, Types & Revocation Process -...

    Sep 11, 2024 · Contract of Guarantee. In essence, a guarantee is a legal agreement that, if the principal debtor the person initially responsible for the debt is unable to repay the creditor, the third party the surety will take over as the next accountable party and bear the burden of the obligation. Illustration.

  9. www.investopedia.com › terms › eEndorsements: Signatures, Insurance Riders, and Public Approvals

    Sep 20, 2024 · A public declaration of support for a person, product, or service is also called an endorsement. Key Takeaways. An endorsement has different meanings, but most have to do with the...

  10. www.fincash.com › l › basicsDefining Financial Guarantee Market - Fincash

    Sep 16, 2024 · 1. Financial Corporate Guarantees. A financial guarantee is a non-cancellable compensation in the corporate world. This is a bond supported by a secure financial institution or an insurer. Investors are guaranteed to make payments of principal and interest.

  11. www.lexisnexis.co.uk › parent-company-guaranteesParent company guarantees | Other construction documents -...

    Sep 12, 2024 · A parent company guarantee (PCG) is a guarantee given by one contracting party's ultimate or intermediate holding company in favour of the other contracting party to secure the performance of that party's obligations under the contract.