contract of guaranty


contract of guaranty
See guaranty.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • contract of guaranty — A promise to pay or an assumption of performance of some duty upon the failure of another who is primarily obligated in the first instance. Ammerman v. Miller, 488 F.2d 1285, 1293, 159 U.S.App. D.C. 385. See also guaranty …   Black's law dictionary

  • contract of guaranty — A promise to pay or an assumption of performance of some duty upon the failure of another who is primarily obligated in the first instance. Ammerman v. Miller, 488 F.2d 1285, 1293, 159 U.S.App. D.C. 385. See also guaranty …   Black's law dictionary

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

  • guaranty — 1. v. To undertake collaterally to answer for the payment of another s debt or the performance of another s duty, liability, or obligation; to assume the responsibility of a guarantor; to warrant. See guaranty noun, 2. n A collateral agreement… …   Black's law dictionary

  • guaranty — 1. v. To undertake collaterally to answer for the payment of another s debt or the performance of another s duty, liability, or obligation; to assume the responsibility of a guarantor; to warrant. See guaranty noun, 2. n A collateral agreement… …   Black's law dictionary

  • guaranty — An undertaking or promise, on the part of one person called the guarantor, which is collateral to a primary or principal obligation on the part of another, and which binds the guarantor to performance in the event of nonperformance by such other… …   Ballentine's law dictionary

  • guaranty — guar·an·ty / gar ən tē, gär / n pl ties [Old French garantie, from garantir to guarantee, from garant warrant] 1: a pledge to pay another s debt or to perform another s duty in case of the other s default or inadequate performance compare letter… …   Law dictionary

  • guaranty clause — A provision contained in a written document, such as a contract, deed, or mortgage, whereby one individual undertakes to pay the obligation of another individual. The stipulation contained in Article IV, Section 4, of the U.S. Constitution, in… …   Law dictionary

  • Guaranty — Guar an*ty, n.; pl. {Guaranies}. [OF. guarantie, garantie, F. garantie, OF. guarantir, garantir, to warrant, to guaranty, E. garantir, fr. OF. guarant, garant, a warranter, F. garant; of German origin, and from the same word as warranty. See… …   The Collaborative International Dictionary of English

  • guaranty — *guarantee, surety, security, bond, bail Analogous words: *pledge, earnest, token: *contract, bargain …   New Dictionary of Synonyms