Guarantee Legal Meaning and Definition
Here is a simplified definition of the legal term Guarantee.
To guarantee is to formally promise or assure that certain conditions will be fulfilled. In a legal context, this can often refer to a party agreeing to take responsibility for someone else's duties or promises. If the original person or entity fails to fulfill these obligations, the guarantor steps in to cover the losses or damages.
Note: This definition should not be used as legal advice and is meant to provide general understanding.