i., huk. garanti

Turkish - English

Definition of i., huk. garanti in Turkish English dictionary

guaranty

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

Obsolete spelling of guarantee

An assurance or guarantee

{n} the act of warranting or undertaking to see stipulations performed

{i} security; warranty; pledge; assurance

1 A promise to be responsible for the debt, default or miscarriage of another; a warranty or promise to undertake an original obligation; something given security for the performance of an act or the continued quality of a thing

A pledge by a third party to assume the obligation of another

A promise by one part to pay a debt or perform an obligation contracted by another if the original party fails to pay or perform according to a contract

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

A written promise by one party to perform some duty or pay a debt if another party should fail to do so

Agreement whereby the guarantor undertakes collaterally to assure satisfaction of the debt of another or perform the obligation of another if and when the debtor fails to do so Differs from a surety agreement in that there is a separate and distinct contract rather than a joint undertaking with the principal See also "Guarantor"

At times, business owners (especially in the case of proprietorships, partnerships, closely-held corporations, or small businesses), may be required to personally guarantee a leasing transaction In these cases, the appropriate party(s) will acknowledge his or her Guarantee on a separate Guaranty form, or in a separate Guaranty section of the Lease Agreement itself At other times, a business may be a subsidiary of, or owned wholly, or in part by, another business Depending on the circumstances, the Lessee's Parent company may be required to guarantee a leasing transaction [to top]

an agreement by a party other than the borrower to repay a loan if the borrower does not

a collateral agreement to answer for the debt of another in case that person defaults

Common misspelling of guarantee

A written promise by one party to fulfill an obligation or to repay a debt if another party should fail to do so Insurable Value: The value of the leased equipment or property that is to be insured by an individual or organization that has leased the equipment or property Interim Rate: A charge for the use of equipment or property from its date of delivery and acceptance up to the commencement date of the actual lease agreement

Agreement to pay the debt or perform the obligation of another in the event the debt is not paid or obligation not performed Differs from a surety agreement in that there must be a failure to pay or perform before the guaranty can be in effect BACK TO TOP

A promise to pay a debt incurred by another person

A contract to see performed what another has undertaken

A promise by one party to pay a debt or perform an obligation contracted by another in the event that the original obligor fails to pay or perform as contracted A guaranty is usually distinguished from insurance primarily by the absence of the payment of any premium

Hyphenation

i., huk. ga·ran·ti