From The Collaborative International Dictionary of English v.0.48 [gcide]:
Guaranty \Guar"an*ty\, v. t. [imp. & p. p. {Guarantied}; p. pr.
& vb. n. {Guarantying}.] [From {Guaranty}, n.]
In law and common usage: To undertake or engage that another
person shall perform (what he has stipulated); to undertake
to be answerable for (the debt or default of another); to
engage to answer for the performance of (some promise or duty
by another) in case of a failure by the latter to perform; to
undertake to secure (something) to another, as in the case of
a contingency. See {Guarantee}, v. t.
[1913 Webster]
Note: Guaranty agrees in form with warranty. Both guaranty
and guarantee are well authorized by legal writers in
the United States. The prevailing spelling, at least
for the verb, is guarantee.
[1913 Webster]
From The Collaborative International Dictionary of English v.0.48 [gcide]:
Guaranty \Guar"an*ty\, n.; pl. {Guaranies}. [OF. guarantie,
garantie, F. garantie, OF. guarantir, garantir, to warrant,
to guaranty, E. garantir, fr. OF. guarant, garant, a
warranter, F. garant; of German origin, and from the same
word as warranty. See {Warrant}, and cf. {Warranty},
{Guarantee}.]
In law and common usage: An undertaking to answer for the
payment of some debt, or the performance of some contract or
duty, of another, in case of the failure of such other to pay
or perform; a guarantee; a warranty; a security.
[1913 Webster]
From WordNet (r) 3.0 (2006) [wn]:
guaranty
n 1: a collateral agreement to answer for the debt of another in
case that person defaults [syn: {guarantee}, {guaranty}]
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