different between guarantor vs guaranty

English

Pronunciation

• (UK) IPA^(key): /??æ??nt?(?)/, /??æ??nt??(?)/

Noun

guarantor (plural guarantors)

1. A person or company that provides a guarantee.

Synonyms

• guaranteer
• surety

Translations

Anagrams

• arrogaunt

English

Etymology

From Old French guarantie, from Old French guarantie (“protection, defense”), from Old French garantir, guarantir (“to warrant, vouch for something”), from Old French garant, guarant, warant (“a warrant; warranter, supporter, defender, protector”), from Frankish *warand, *warjand (“a warrant”), from Frankish *warjan (“to fend for, designate something as true, vouch for”), from Proto-Germanic *warjan? (“to defend, protect”), from Proto-Indo-European *wer- (“to close, cover, protect, save, defend”). Cognate with Middle Low German warent, warend (“a warrant”), German gewähren (“to grant”). More at warrant. Doublet of guarantee and warranty.

Pronunciation

• (UK) IPA^(key): /??æ??nti/

Noun

guaranty (plural guaranties)

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.
   • 1945, René Wellek, “The Philosophical Basis of Masaryk’s Political Ideals” in Ethics LV, ? 4 (July 1945), page 299, right column:

     The concept of God and immortality is for him a guaranty of this eternal difference between right and wrong.

Related terms

• guarantor

Translations

References

• guaranty in The Century Dictionary, New York, N.Y.: The Century Co., 1911.
• guaranty in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913.

Verb

guaranty (third-person singular simple present guaranties, present participle guarantying, simple past and past participle guarantied)

1. Alternative form of guarantee