different between guaranty vs suretyship
guaranty
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)
- (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.
- Something serving as a security for such an undertaking.
- 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.
- 1945, René Wellek, “The Philosophical Basis of Masaryk’s Political Ideals” in Ethics LV, ? 4 (July 1945), page 299, right column:
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)
- Alternative form of guarantee
guaranty From the web:
- guaranty mean
- what's guaranty fund
- what does guaranty mean
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- what is guaranty of lease
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- what is guaranty bank called now
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suretyship
English
Etymology
From surety +? -ship.
Pronunciation
- (UK) IPA(key): /??????ti???p/, /??????ti???p/
Noun
suretyship (plural suretyships)
- (law) An accessory agreement through which a person binds themselves for another already bound, either in whole or in part, as for their debt, default or miscarriage; the assumption of liability for the obligations of another.
- , vol.1, New York Review of Books, 2001, p.290:
- as a man desperately swimming drowns him that comes to help him, by suretyship and borrowing they will willingly undo all their associates and allies […].
- , vol.1, New York Review of Books, 2001, p.290:
See also
- guaranty
Translations
suretyship From the web:
- what suretyship mean
- suretyship what does it mean
- what is suretyship defense
- what is suretyship agreement
- what is suretyship in the bible
- what is suretyship in law
- what does suretyship mean in the bible
- what is suretyship insurance
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