Guaranties definition: Copy, customize, and use instantly
Introduction
The term "Guaranties" refers to legal commitments or promises made by a guarantor to fulfill a debtor’s obligations if the debtor defaults. Guaranties are typically used in various contexts, including lending, leases, and other financial agreements, to provide assurance that debts or obligations will be met.
Below are various examples of how "Guaranties" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Guaranties" as a promise to fulfill obligations in case of default
This definition ties "Guaranties" to the fulfillment of obligations.
"Guaranties" refers to a legal commitment by a guarantor to fulfill a debtor’s obligations under a contract if the debtor defaults, ensuring that the contractual obligations are met.
Definition of "Guaranties" as a collateral guarantee in a financial agreement
This definition connects "Guaranties" to collateral-based agreements.
"Guaranties" means a guarantee provided by a third party to secure a debt or obligation, often involving the transfer of collateral to cover the debt in case of default by the primary obligor.
Definition of "Guaranties" as an assurance for payment of debts
This definition links "Guaranties" to debt repayment security.
"Guaranties" refers to a promise made by a guarantor to repay the debts of a borrower if the borrower fails to meet the repayment terms, ensuring payment security for the lender.
Definition of "Guaranties" as a type of security in a commercial contract
This definition applies "Guaranties" to business agreements.
"Guaranties" means a legally binding promise made by one party (the guarantor) to assume responsibility for the performance or payment obligations of another party, often used in commercial contracts to enhance trust and reduce risk.
Definition of "Guaranties" as a backup promise for loan repayment
This definition ties "Guaranties" to loan repayment security.
"Guaranties" means a promise made by a third party (the guarantor) to repay a loan or other financial obligation in the event the borrower defaults, providing additional security for the lender.
Definition of "Guaranties" as a corporate guarantee for financial obligations
This definition connects "Guaranties" to corporate responsibility.
"Guaranties" refers to a corporate commitment where a company promises to cover the financial obligations of a subsidiary or related entity, ensuring payment or performance in case of default.
Definition of "Guaranties" as a performance assurance in contracts
This definition links "Guaranties" to contract performance.
"Guaranties" means a promise by a third party to fulfill the terms of a contract, including obligations related to performance or quality, if the primary party fails to perform as agreed.
Definition of "Guaranties" as a personal commitment to a business debt
This definition ties "Guaranties" to personal liability.
"Guaranties" refers to a personal commitment made by an individual, often a business owner or executive, to guarantee repayment of a business debt or obligation, ensuring the lender is repaid in case of default.
Definition of "Guaranties" as a cross-border financial assurance
This definition connects "Guaranties" to international transactions.
"Guaranties" refers to a promise made by a guarantor, often a foreign entity, to ensure that the borrower or counterparty in a cross-border transaction fulfills their financial obligations.
Definition of "Guaranties" as a security measure in leases
This definition ties "Guaranties" to rental agreements.
"Guaranties" means a promise made by a third party (the guarantor) to cover the obligations of a tenant, such as rent payments or property maintenance, in the event the tenant defaults under a lease agreement.
Definition of "Guaranties" as a surety for contractual obligations
This definition applies "Guaranties" to surety arrangements.
"Guaranties" refers to a surety arrangement where a third party agrees to fulfill the obligations of one party under a contract if the original party fails to do so.
Definition of "Guaranties" as a conditional promise to assume debt responsibility
This definition links "Guaranties" to conditional debt agreements.
"Guaranties" means a conditional promise by a guarantor to assume responsibility for debt repayment or obligations if specific conditions, such as default, are met.
Definition of "Guaranties" as a security interest in real property
This definition ties "Guaranties" to property-based security.
"Guaranties" refers to a promise by a party, often a property owner, to guarantee the performance of a debt or obligation using real property as collateral.
Definition of "Guaranties" as a guarantee to uphold a service contract
This definition connects "Guaranties" to service agreements.
"Guaranties" means a promise by a third party to ensure that the terms of a service contract, such as the completion of work or delivery of goods, are upheld, with the guarantor assuming responsibility if the service provider fails to deliver.
Definition of "Guaranties" as an assurance for payment under a debt instrument
This definition applies "Guaranties" to debt instruments.
"Guaranties" refers to an agreement by a third party to guarantee the payment of a debt instrument, such as bonds or promissory notes, if the primary obligor fails to meet the terms of the debt.
Definition of "Guaranties" as a financial assurance for obligations in joint ventures
This definition links "Guaranties" to joint venture agreements.
"Guaranties" means a guarantee provided by one party in a joint venture agreement to cover the obligations of the other party if they default on agreed commitments.
Definition of "Guaranties" as a legal commitment for unpaid invoices
This definition ties "Guaranties" to accounts receivable.
"Guaranties" refers to a promise by a third party to pay a company’s unpaid invoices in case the primary debtor defaults on payment obligations.
Definition of "Guaranties" as a promissory arrangement in credit facilities
This definition connects "Guaranties" to credit facilities.
"Guaranties" refers to a promissory arrangement where a third party guarantees the repayment of a credit facility, ensuring the lender is compensated in case of borrower default.
Definition of "Guaranties" as a contractual guarantee for debt restructuring
This definition links "Guaranties" to debt restructuring agreements.
"Guaranties" means a legal guarantee provided by a third party in a debt restructuring arrangement to assure the performance of restructured obligations or repayment of restructured debt.
Definition of "Guaranties" as a hedge against counterparty risk
This definition applies "Guaranties" to financial risk management.
"Guaranties" refers to a guarantee used as a hedge against counterparty risk in financial transactions, ensuring that one party will fulfill their obligations even if the other defaults.
Definition of "Guaranties" as a backup plan in case of business failure
This definition ties "Guaranties" to business risk management.
"Guaranties" refers to a guarantee made by a third party to assume financial responsibility for a business’s debts and obligations in the event of the business’s failure or bankruptcy.
Definition of "Guaranties" as a security mechanism in franchise agreements
This definition connects "Guaranties" to franchise contracts.
"Guaranties" means a guarantee by the franchisor or a third party to ensure the payment of debts or fulfillment of obligations under a franchise agreement if the franchisee defaults.
Definition of "Guaranties" as a promise of future performance in supply contracts
This definition links "Guaranties" to supply contracts.
"Guaranties" refers to a promise made by a third party to guarantee the performance of a supplier under a contract, ensuring that goods or services are delivered as agreed.
Definition of "Guaranties" as an assurance of performance under a construction contract
This definition ties "Guaranties" to construction agreements.
"Guaranties" refers to a promise by a third party to ensure the contractor’s performance in completing the work under a construction contract, often covering any defects or failure to meet project specifications.
Definition of "Guaranties" as a legal commitment to cover default under a loan agreement
This definition connects "Guaranties" to loan agreements.
"Guaranties" means a commitment by a third party to cover the borrower’s default under a loan agreement, ensuring that the lender is repaid in case of non-payment.
Definition of "Guaranties" as a protection for business investors in partnership agreements
This definition ties "Guaranties" to investment protection.
"Guaranties" refers to a promise made by a partner to ensure the financial performance or obligations of the partnership, often guaranteeing the return of invested capital.
Definition of "Guaranties" as a guarantee of asset delivery in a commercial sale
This definition links "Guaranties" to asset transfer in sales.
"Guaranties" means a promise made by the seller to guarantee the delivery of assets or goods as per the sale agreement, ensuring the buyer's interests are protected in case of non-delivery or damages.
Definition of "Guaranties" as an assurance of good title in property transactions
This definition connects "Guaranties" to property transactions.
"Guaranties" refers to a promise by the seller to guarantee that the title to a property is free from encumbrances and defects, providing legal assurance to the buyer during the transfer of ownership.
Definition of "Guaranties" as a promise of service delivery in supply chain agreements
This definition ties "Guaranties" to supply agreements.
"Guaranties" means a commitment by a supplier to deliver goods or services according to the agreed terms, ensuring that quality and delivery schedules are met as specified in the supply chain agreement.
Definition of "Guaranties" as a fallback plan in case of tenant default in commercial leases
This definition links "Guaranties" to tenant agreements.
"Guaranties" refers to a promise made by a third party (guarantor) to ensure that rent and other obligations under a commercial lease are met in case the tenant defaults.
Definition of "Guaranties" as a provision for payment in joint venture agreements
This definition connects "Guaranties" to joint venture structures.
"Guaranties" refers to a commitment by a partner in a joint venture to cover certain financial obligations, ensuring the payment of expenses or debts in case the other partners fail to meet their obligations.
Definition of "Guaranties" as an assurance for compliance with contractual terms
This definition links "Guaranties" to compliance in contracts.
"Guaranties" means a legal promise made by a third party to guarantee compliance with the terms and conditions of a contract, ensuring that the party making the promise performs according to the agreed terms.
Definition of "Guaranties" as a legal arrangement in business loan agreements
This definition applies "Guaranties" to business loans.
"Guaranties" refers to a financial commitment where a third party promises to repay a business loan or meet the debt obligations of a company in the event of default by the borrowing entity.
Definition of "Guaranties" as an assurance in franchise performance
This definition ties "Guaranties" to franchise agreements.
"Guaranties" means a commitment by the franchisor or a third party to ensure the franchisee’s compliance with the franchise agreement, covering performance issues such as sales targets or quality standards.
Definition of "Guaranties" as a contractually agreed performance bond
This definition links "Guaranties" to performance bonds.
"Guaranties" refers to a bond or a promise made by a third party to ensure the performance of a contractor or business in fulfilling its contractual obligations, often used in large-scale construction or service contracts.
Definition of "Guaranties" as a financial guarantee for trade credit
This definition connects "Guaranties" to trade credit.
"Guaranties" means a financial assurance provided by a third party to cover the trade credit extended to a buyer, ensuring payment in case the buyer defaults on credit terms.
Definition of "Guaranties" as a promise of repayment in case of loan default
This definition links "Guaranties" to loan repayments.
"Guaranties" refers to a third-party promise to repay a loan if the borrower defaults, providing additional security to the lender in the event of non-payment.
Definition of "Guaranties" as an assurance for fulfilling warranty obligations
This definition applies "Guaranties" to warranties.
"Guaranties" refers to a promise made by the manufacturer or seller to honor the warranty of a product, ensuring repair or replacement if the product fails to meet certain standards or specifications.
Definition of "Guaranties" as a security in trade agreements
This definition connects "Guaranties" to trade and commerce.
"Guaranties" refers to a security arrangement in trade agreements where a third party ensures the performance of trade obligations, such as delivery and payment, in case the principal party defaults.
Definition of "Guaranties" as a legally binding commitment to a debt repayment plan
This definition ties "Guaranties" to repayment agreements.
"Guaranties" means a legally binding commitment by a third party to ensure the repayment of debts according to a specified repayment plan, often used in situations where the debtor has difficulty meeting obligations.
Definition of "Guaranties" as an assurance for timely performance in service contracts
This definition links "Guaranties" to service agreements.
"Guaranties" refers to a promise by a third party to ensure timely and complete performance under a service contract, covering delays or non-performance by the primary service provider.
Definition of "Guaranties" as an agreement for resolving non-performance in contracts
This definition connects "Guaranties" to performance assurance in contracts.
"Guaranties" refers to a legal commitment to resolve any issues related to non-performance, with the guarantor ensuring the completion of obligations under a contract in case of default by the primary party.
Definition of "Guaranties" as a promise to assume responsibility for non-completion of tasks
This definition links "Guaranties" to task completion.
"Guaranties" means a promise made by a third party to take responsibility for completing tasks or obligations outlined in a contract in the event the original party fails to do so.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.