Outrageously Funny Word Dictionary :: Guarantying

👉 Guaranteeing is a legal and ethical practice in which a party agrees to do something or pay for something, even if they are not obligated to do so. In other words, it means that someone promises to do something or provide something without any obligation to do so. For example, a guarantor might be a company that guarantees the payment of a loan to another person if the borrower defaults on the loan. The guarantor is responsible for making sure the money is paid back to the lender

guarantying