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LSDefine

Simple English definitions for legal terms

guarantee

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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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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