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The assumption of responsibility for payment of a debt or performance of some obligation if the liable party fails to perform to expectations. Bloomberg Financial Dictionary
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Financial security required for some warehouse premises and all movements of duty suspended excise goods from an excise warehouse. Administered by the Financial Securities Centre ( FSC). HM Customs & Revenue Glossary
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▪ I. guarantee guar‧an‧tee 1 [ˌgærənˈtiː] verb [transitive]
1. to make a formal written promise to repair or replace a product if it has a fault within a specific period of time after you buy it:
guarantee something against something
• The car's galvanized bodyshell is guaranteed a full ten years against corrosion.
2. LAW FINANCE to make a legal promise to repay a loan if the original borrower
default S (= fails to repay it or make interest payments on it ) :
• The loan will be guaranteed by Bangkok Bank.
[m0] ▪ II. guarantee guarantee 2 noun [countable]
1. a formal written promise to repair or replace a product if it has a fault within a specific period of time after you buy it:
guarantee against
• For new home-owners, some builders have now given a 20-year guarantee against structural defects.
guarantee be under guarantee
• As the video camera was still under guarantee (= protected by a guarantee ) , he took it back to the shop to be repaired.
ˌmoney-back guaranˈtee
a promise to return the money paid for a product or service if the customer is not satisfied:
• Everything in the catalogue comes with a money-back guarantee.
perˈformance guaranˌtee
1. another name for guarantee:
• The engine is covered by a performance guarantee.
2. FINANCE in selling a property or other investment, a guarantee by the seller that the property etc will reach a minimum level of profitability:
• The sale of the ski resort is subject to performance guarantees that it will live up to expectations.
3. COMMERCE a contract between a supplier and a manufacturer that specifies conditions for the design and delivery of parts by the supplier:
• Micro Compact Car has performance guarantees with the component companies that are partners on the project.
2. FINANCE an agreement to be responsible for someone else's promise, especially a promise to repay a loan if the original borrower
default S (= fails to repay it or make interest payments on it )
3. FINANCE BANKING money or assets held by an organization until someone has paid their debts, or debts that they might have in the future:
• creditor banks holding part of the airline's assets as guarantees of earlier debts
a promise by a bank to repay a loan if the original borrower
default S:
• The bank guarantee for the loan was not put in place until days before the company purchased the site.
a guarantee given to a bank by several companies that are part of the same group of companies, when the bank lends money to one of the companies in the group
a promise by a government organization to an exporter that they will repay loans taken out to finance the goods being exported if the importer fails to pay for them:
• The 1990 farm law forbids the Agriculture Department from extending agricultural export credit guarantees to any country that can't adequately service the debt.
a promise to repay a loan if the original borrower
default S:
• The Canadian government agreed to contribute $2.3 billion in cash and loan guarantees toward Hibernia's development costs.
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Ⅰ.
guarantee UK US /ˌgærənˈtiː/ verb [T]
► guarantee sb sth »
European Airlines guarantees its customers top-quality service.
guarantee that sth is sth »
We guarantee that our products are 100% safe.
be guaranteed (to be) sth »
Their bread is guaranteed free of preservatives.
► »
Good design does not always guarantee success.
guarantee that »
How can we guarantee that no one can access our intranet?
► COMMERCE guarantee sth for sth »
We guarantee all our work for six months.
► BANKING »
If you guarantee the loan, you will lose the business if you default on payments.
Ⅱ.
guarantee UK US /ˌgærənˈtiː/ noun
► [
C or
U]
COMMERCE »
The system costs £99.95 including postage, packing and a 12-month guarantee.
»
I'm afraid we can't replace the television as it's no longer under guarantee.
come with/have/carry a guarantee »
The laptop has a two-year guarantee.
a guarantee on sth »
There is a six-month guarantee on all our vehicle repairs.
»
The store offers money-back guarantees on all electronics.
► [
C]
no guarantee of sth/not a guarantee of sth »
Laboratory testing of a new drug is not a guarantee of safety.
a guarantee that »
There is no guarantee that the discussions will lead to a deal.
► [
C]
a guarantee that »
The CEO gave employees a guarantee that he would keep the factory open at all costs.
► [
C]
BANKING a guarantee against sth »
The mortgage borrower provides the house as a guarantee against the loan.