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Glossary > G > "Guarantee" Definition

Guarantee

A commitment made by a person to be answerable for the debts or liabilities of another.A document, supplied by a manufacturer, indicating that in the event of product failure it will be repaired or replaced. This usually involves a specified time period. Also known as a warranty.

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Guarantee - A commitment made by a person to be answerable for the debts or liabilities of another.A document, supplied by a manufacturer, indicating that in the event of product failure it will be repaired or replaced. This usually involves a specified time period. Also known as a warranty.

Guarantee : a commitment made by a person to be answerable for the debts or liabilities of another.a document, supplied by a manufacturer, indicating that in the event of product failure it will be repaired or replaced. this usually involves a specified time period. also known as a warranty.