noun \ˌger-ən-ˈtē, ˌgär-, ˌga-rən- also ˈger-ən-ˌ or ˈgär-ən-ˌ, ˈga-rən-ˌ\

Definition of GUARANTEE

:  guarantor
:  guaranty 1
:  an assurance for the fulfillment of a condition: as
a :  an agreement by which one person undertakes to secure another in the possession or enjoyment of something
b :  an assurance of the quality of or of the length of use to be expected from a product offered for sale often with a promise of reimbursement
:  guaranty 4

Examples of GUARANTEE

  1. The washer comes with a guarantee against major defects.
  2. They wanted a guarantee that the document was authentic.
  3. They want the new contract to include a guarantee of job security.
  4. The U.S. Constitution includes guarantees against unreasonable searches.
  5. He cited the First Amendment guarantee of free speech.
  6. And as key pieces of the infrastructure are knocked out, there is no guarantee that they will be repaired or rebuilt, at least not as they were before. —Naomi Klein, Harper's, October 2007


probably alteration of 1guaranty (see 1guaranty)
First Known Use: 1680

Other Economics Terms


Rhymes with GUARANTEE




: to make a usually written promise that whatever you are selling, doing, etc., is what you say it is

: to promise to pay for (something) if another person fails to pay for it

: to say (something) with great confidence


Full Definition of GUARANTEE

transitive verb
:  to undertake to answer for the debt, default, or miscarriage of <guarantee a loan>
:  to engage for the existence, permanence, or nature of :  undertake to do or secure <guarantee the winning of three tricks>
:  to give security to <guaranteed her against loss>
:  to assert confidently <I guarantee you'll like it>

Examples of GUARANTEE

  1. The washer is guaranteed against defects for one year.
  2. They guarantee that the diamonds they sell are top quality.
  3. He offered to personally guarantee the loan.
  4. The investment was guaranteed by the bank.
  5. I guarantee that you'll be satisfied.
  6. He guaranteed us that everything would go according to plan.
  7. Money doesn't guarantee a happy life.
  8. He guaranteed a victory in the championship game.
  9. They're called change agents. They swoop in to transform stodgy institutions… . It's a risky tack, one that guarantees large numbers of people will hate the boss's guts. —Daniel McGinn, Newsweek, 28 Feb. 2005


(see 1guarantee)
First Known Use: 1731

Other Economics Terms



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