Definitions for "Guaranty"
In law and common usage: 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 guarantee; a warranty; a security.
In law and common usage: To undertake or engage that another person shall perform (what he has stipulated); to undertake to be answerable for (the debt or default of another); to engage to answer for the performance of (some promise or duty by another) in case of a failure by the latter to perform; to undertake to secure (something) to another, as in the case of a contingency. See Guarantee, v. t.
An agreement by a person, partnership, or corporation (other than the borrower) to repay a bank loan if the borrower does not pay.
Keywords:  guardian
A written commitment by an individual or authorized legal entity to pay back a loan in the event the borrower is unable to do so. Guaranties can be unlimited (the full amount of the loan) or limited to a specific amount.
a warranty from constructional defects and their resulting repair costs
a contract and should be interpreted according to the standards that govern the interpretation of contracts in general
an independent contract