Outrageously Funny Word Dictionary :: Guarantied

👉 Guaranteed is a legal term in the context of insurance, referring to an agreement between two parties where one party guarantees that the other will perform their obligations under the contract. In essence, it means that if the first party fails to meet their obligations, they are financially compensated by the second party for any loss or damage caused by the failure. This can be particularly useful in situations where there is a high risk of financial loss due to unforeseen events such as natural disasters or economic downturns.

guarantied