guarantee
Definition
To accept responsibility for an obligation if the entity with primary responsibility for the obligation does not meet it.
 Cite this definition
Related Terms
insurance, firm commitment offering, banker's acceptance, certified check, personal guarantee, full faith and credit, government mortgage, government paper, letter of credit, maintenance bond, default, guaranteed insurability, performance bond, rate lock, signature guarantee
'guarantee
' appears in the definitions of these terms on BusinessDictionary.com ancillary guaranty, demand guarantee, back to back credit, enforcement of a guarantee, forfeiture of bond, and 
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