promise to answer for the debt, default, or miscarriage of another

promise to answer for the debt, default, or miscarriage of another
An undertaking by a person not before liable, for the purpose of securing or performing the same duty for which the original debtor continues to be liable. Dillaby v Wilcox, 60 Conn 71, 22 A 491.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • promise to pay the debt of another — See promise to answer for the debt, default, or miscarriage of another …   Ballentine's law dictionary

  • guaranty — 1. v. To undertake collaterally to answer for the payment of another s debt or the performance of another s duty, liability, or obligation; to assume the responsibility of a guarantor; to warrant. See guaranty noun, 2. n A collateral agreement… …   Black's law dictionary

  • guaranty — 1. v. To undertake collaterally to answer for the payment of another s debt or the performance of another s duty, liability, or obligation; to assume the responsibility of a guarantor; to warrant. See guaranty noun, 2. n A collateral agreement… …   Black's law dictionary

  • guaranty — An undertaking or promise, on the part of one person called the guarantor, which is collateral to a primary or principal obligation on the part of another, and which binds the guarantor to performance in the event of nonperformance by such other… …   Ballentine's law dictionary

  • guarantee — I. noun Etymology: probably alteration of 1guaranty Date: 1680 1. guarantor 2. guaranty 1 3. an assurance for the fulfillment of a condition: as a. an agreement by which one person undertakes to secure another in the possession or enjoyment of… …   New Collegiate Dictionary


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