What is the meaning of guarantee in business?
A business guarantee is a commitment made by a business to honor the debts incurred under its company credit cards. It is similar to the personal guarantees extended by individual cardholders.
What's another word for guaranteed?
synonyms for guaranteed\n\n On this page you'll find 52 synonyms, antonyms, and words related to guaranteed, such as: approved, assured, endorsed, insured, pledged, and protected.
What is guarantee with example?
As a noun, guarantee is an agreement assuming responsibility to perform, execute, or complete something and offering security for that agreement. As a verb, it can assure someone that you have confidence in your product or service. For example: I guarantee that you'll love this product or you'll get your money back!
Which is better guarantee or warranty?
A guarantee is much less formal than a warranty. The guarantee is free of cost, but the warranty can be chargeable. Guarantees can be either oral or written, whereas warranties are usually written and thus easily proven.
What is related to guarantee?
Related to guarantee: Guarantee letter. One to whom a guaranty is made. This word is also used, as a noun, to denote the contract of guaranty or the obligation of a guarantor, and, as a verb, to denote the action of assuming the responsibilities of a guarantor.
What is the difference between a promise and a guarantee?
1. a promise, esp. one in writing, that something is of specified quality, content, benefit, etc., or will perform satisfactorily for a given length of time: a money-back guarantee on an appliance. 2. guaranty (defs. 1, 2). 3. something that assures a particular outcome or condition: Wealth is no guarantee of happiness.
What does guarantor mean?
3) n. occasionally, the person to whom the guarantee is made. 4) a promise to make a product good if it has some defect. (See: guarantor) Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved. a collateral promise to answer for the debt or obligation of another.