# guaranty

/ˌɡɛɹənˈti/ (US) · /ɡˈæɹənti/ (UK) · CEFR C1 · Noun

Source: https://englishreference.com/word/guaranty
Updated: 2026-10-19

## Definition

a formal promise to pay another person's debt if that person cannot pay. Banks and landlords often ask for one before they lend money or rent a flat.

For teachers: a formal pledge to assume responsibility for another party's debt or contractual obligation upon default. Often executed as a separate written instrument from the underlying contract.

## Examples

- The bank asks for a guaranty before it lends money.
- The landlord requires a signed guaranty from her parents before renting the apartment to the student.
- The loan agreement included a continuing guaranty that kept the director liable for future debts until the company repaid the full balance.

## Synonyms

guarantee

## Usage notes

- Commonly paired with 'of payment' or 'of collection' in commercial contracts; often takes the preposition 'of'.

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