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LSDefine

Simple English definitions for legal terms

guarantee

Read a random definition: henfare

A quick definition of guarantee:

A guarantee is a promise made to someone who will receive payment if the person who owes the money cannot pay it back. The guarantee has the right to be paid before anyone else, including the person who lent the money. Sometimes, people use the word guaranty instead of guarantee, but they mean the same thing. It's important to understand the context of the word to know what it means.

A more thorough explanation:

A guarantee is a person or entity that is promised payment as a creditor. This means that if someone owes money to a creditor, and that creditor has a guarantee, the guarantee has the right to receive payment before the creditor does.

For example, let's say that John owes $100 to a bank. The bank has a guarantee from Jane, which means that if John doesn't pay back the $100, Jane has the right to receive payment before the bank does.

Another example could be a landlord who requires a guarantee from a tenant. This means that if the tenant doesn't pay rent, the landlord can go to the guarantee to receive payment.

Overall, a guarantee is a way to ensure that someone will receive payment if a debt is not paid. It is important to understand the context of the term to fully understand its meaning.

Guam, Puerto Rico, and the U.S. Virgin Islands | guaranteed reservation

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General chat about the legal profession.
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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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