guaranty
noun
[ ˈɡar(ə)nti ]
• variant form of guarantee (sense 2 of the noun).
guarantee
noun
• 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"
• 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.
Origin:
late 17th century (in the sense ‘guarantor’): perhaps from Spanish garante, corresponding to French garant (see warrant), later influenced by French garantie ‘guaranty’.
