from
The Collaborative International Dictionary of English v.0.48
Guaranty \Guar"an*ty\, v. t. [imp. & p. p. {Guarantied}; p. pr.
& vb. n. {Guarantying}.] [From {Guaranty}, n.]
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.
[1913 Webster]
Note: Guaranty agrees in form with warranty. Both guaranty
and guarantee are well authorized by legal writers in
the United States. The prevailing spelling, at least
for the verb, is guarantee.
[1913 Webster]