different between guaranty vs surety

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

English

Etymology

From Middle English surete, attested since the early 1300s in the sense "guarantee, promise, pledge, assurance", from Anglo-Norman seurté/Old French seurté with the same meaning (whence modern French sûreté), from Latin s?c?rit?s. Equivalent to sure +? -ty. The senses "security, safety, stability" and "certainy" are attested since the late 1300s. "One who undertakes to pay if another does not" is from the early 1400s. Doublet of security.

Pronunciation

• (Received Pronunciation) IPA^(key): /??????ti/, /??????ti/
• (General American) IPA^(key): /?????ti/, /??????ti/

Noun

surety (countable and uncountable, plural sureties)

1. Certainty.

   • Know of a surety, that thy seed shall be a stranger in a land that is not theirs.

   • For the more surety they looked round about.

2. That which makes sure; that which confirms; ground of confidence or security.
3. (law) A promise to pay a sum of money in the event that another person fails to fulfill an obligation.
4. (law) One who undertakes to pay money or perform other acts in the event that his principal fails therein.
5. A substitute; a hostage.
6. Evidence; confirmation; warrant.

Translations

See also

• guarantor
• surcharge
• surcharged
• indorsement

Anagrams

• Steury, tuyers