guarantee

(verb)

To assume responsibility for a debt.

Related Terms

Examples of guarantee in the following topics:

  • Developing Services

    • Moreover, behind every product is a series of supporting services, such as warranties and money-back guarantees.
    • Money-back guarantees: The ultimate warranty is the money-back guarantee.
    • To the customer, a money-back guarantee reduces risk almost totally.

  • The Five Cs of Credit

    • Collateral, or guarantees, are additional forms of security that you can provide the lender.
    • A guarantee, on the other hand, is just that: someone else signs a guarantee document promising to repay the loan if you can't.
    • Some lenders may require such a guarantee in addition to collateral as security for a loan.

  • Remanufacturing (to as-good-as-new condition)

    • The term ‘sound working condition' is key because in some areas of the world, reassembled products made from used parts are considered new and come with the same guarantee and warranty as products made from virgin raw materials.

  • The Export-Import Bank of the United States

    • Ex-Im Bank is the principal government agency responsible for aiding the export of American goods and services through a variety of loan, guarantee, and insurance programs.
    • The Working Capital Guarantee program provides loan guarantees to banks willing to lend to exporting companies.

  • The Small Business Administration

    • The SBA provides a government-backed guarantee on part of the loan.
    • Under the Recovery Act and the Small Business Jobs Act, SBA loans were enhanced to provide up to a 90 percent guarantee in order to strengthen access to capital for small businesses after credit froze in 2008.

  • The social/cultural environment

    • Even a common language does not guarantee similarity of interpretation.

  • The Benefits of Socialism

    • These policies aim to guarantee living wages and help produce full employment.
    • While a number of different models of trade union protection have evolved throughout the world over time, they all guarantee the right of workers to form unions, negotiate benefits and participate in strikes.

  • Types of Ownership

    • The owners and managers are only liable for the business up to the amount they have invested in the company, and are not liable for the debts incurred by the company unless they have signed a personal guarantee.
    • The owners and managers are only liable for the business up to the amount they have invested in the company, and are not liable for the debts incurred by the company (unless they have signed a personal guarantee, which usually is not the case for a large corporation).

  • Introduction to Managing Change

    • Many people and their organizations actively resist change even if the desired change guarantees the making of money creates additional job security.

  • Mall Kiosks

    • Their placement guarantees high foot traffic from shoppers and offers opportunities for impulse sales .