Difference between Guaranty and Guarantee

Guaranty

Part of speech: noun

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. Something serving as a security for such an undertaking. An assurance or guarantee

Part of speech: verb

Definition: To give an assurance that something will be done right.

Guarantee

Part of speech: verb

Definition: To assure that something will get done right.To assume responsibility for a debt.To make something certain.

Part of speech: noun

Definition: Anything that assures a certain outcome.A written declaration that a certain product will be fit for a purpose and work correctly.A person who gives such a guarantee; a guarantor.

Example sentence: If you want a guarantee, buy a toaster.