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Guarantees Definition

(verb)
definitions

provide a formal assurance, especially that certain conditions will be fulfilled relating to a product, service, or transaction


examples

the company guarantees to refund your money

(noun)
definitions

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


examples

we offer a 10-year guarantee against rusting

the treaty provides a guarantee of free trade

(noun)
definitions

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


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