Guarantee vs Guaranty
Difference, Examples & Quiz
What's the difference? Which one is correct?
Definition: A formal promise or assurance, especially that certain conditions will be fulfilled relating to a product, service, or transaction.
Usage: The guarantee of the product ensures that it will be replaced if it is defective.
- 1. The company offers a money-back guarantee if you are not satisfied with the product.
- 2. The warranty provides a guarantee that the product will be repaired or replaced if it malfunctions.
- 3. The guarantee of the service ensures that it will be completed within the specified timeframe.
Definition: A formal pledge to pay a debt or fulfill an obligation made by a third party (guarantor) if the original debtor fails to do so.
Usage: The guaranty provided by the bank ensures that the loan will be repaid even if the borrower defaults.
- 1. The landlord required a guaranty from the tenant's parent to ensure the rent would be paid.
- 2. The guaranty agreement stated that the guarantor would be responsible for any damages caused by the borrower.
- 3. The bank required a personal guaranty from the business owner for the loan.
Guarantee is a promise or assurance, especially in writing, that something is of a certain quality or will perform in a specified way. Guaranty is a formal assurance or promise to fulfill a financial or contractual obligation made by one party to another.
Guarantee vs Guaranty: 5 Quizzes
1. What is the correct spelling?
2. Which spelling is correct?
3. Which word is spelled correctly?
4. What is the proper spelling?
5. Which is the correct way to spell it?
FAQs
What is the guarantee?
The guarantee is a promise to provide a refund or replacement if a product or service does not meet the specified requirements.
How long is the guarantee valid?
The guarantee is valid for 30 days from the date of purchase.
What does the guarantee cover?
The guarantee covers any defects in materials or workmanship.
How can I claim the guarantee?
To claim the guarantee, please contact our customer support and provide the necessary details.
Is the guarantee transferable?
No, the guarantee is not transferable and is only applicable to the original purchaser.