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What does guaranty mean?

Looking for the meaning or definition of the word guaranty? Here's what it means.

Noun
  1. (law) An undertaking to answer for the payment of some debt, or the performance of some contract or duty, of another, in case of the failure of such other to pay or perform; a warranty; a security.
  2. Something serving as a security for such an undertaking.
  3. An assurance or guarantee.
Verb
  1. Obsolete spelling of guarantee
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