Guarantees
/ˌɡærənˈtiːz/
Definitions
- (n.) A legal commitment ensuring that a party fulfills an obligation or that a product meets specified conditions.
The lender required guarantees from the borrower before approving the loan.
- (v.) Third-person singular present of guarantee.
The contract guarantees timely delivery of the goods.
Forms
- guarantee
Related terms
See also
Commentary
As a noun, 'guarantees' commonly refers to legally binding promises or security; as a verb, it is simply the third-person singular form of 'guarantee.'
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.