Word Finder - guaranty

definition

To give an assurance that something will be done right.

definition

To assume or take responsibility for a debt or other obligation.

definition

To make something certain.

example

The long sunny days guarantee a good crop.

definition

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 warranty; a security.

definition

Something serving as a security for such an undertaking.

definition

An assurance or guarantee.

The first railway in the Philippines was the line from Manila to Dagupan (120 m.) which was built by an English corporation under a guaranty of the Spanish government and was opened in 1892.

Emergency assessments, not to exceed 2%, may be made whenever necessary to pay in full the depositors in an insolvent bank; if the guaranty fund is impaired to such a degree that it is not made up by the 2% emergency assessment, the state banking board issues certificates of indebtedness which draw 6% interest and which are paid out of the assessment.

Other prominent buildings are the Masonic Temple, the Chamber of Commerce, the Lumber Exchange, the Bank of Commerce, the Auditorium; the buildings of the Metropolitan Life (formerly the Guaranty), the Security Bank, the Northwestern National Bank, the First National Bank, the Andrus, the New York Life, and the Young Men's Christian Association; Hotel Radisson and West Hotel.

Regardless of this provision, however, the civil code denies the right of an appeal from an inferior court in cases that have been tried by a jury, and in which the amount claimed does not exceed $20, and the courts have decided that this denial is not in conflict with the constitution; but in at least one instance an appeal was allowed because of the constitutional guaranty, and that guaranty has doubtless had much influence on judicial legislation.

The unique feature of the banking system (with amendments adopted by the second legislature becoming effective on the 11th of June 1909) is a fund for the guaranty of deposits.

This law applies in situations where the employer does not provide a pension any longer and the pension benefit is paid by the Pension Benefits Guaranty Corporation.

These centers give a better guaranty for maintenance and expansion of knowledge and will improve the possibility to exchange experience and knowledge.

Rare coins get assigned a number from one to 70 which is graded by the Professional Coin Grading Service (PCGS) or the Numistmatic Guaranty Corporation (NGC).

Though their main emphasis is on auto insurance and mortgage guaranty insurance operation, AIG Insurance has an extensive line of insurance products.