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English definition of “guarantee”

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guarantee

noun
 
 
/ˌɡærənˈtiː/
[C or U] COMMERCE a written promise by a company to return a customer's money or repair or change the product if there is a problem within a particular period after buying it: The system costs £99.95 including postage, packing and a 12-month guarantee. I'm afraid we can't replace the television as it's no longer under guarantee.come with/have/carry a guarantee The laptop has a two-year guarantee.a guarantee on sth There is a six-month guarantee on all our vehicle repairs. The store offers money-back guarantees on all electronics.
[C] something that makes another thing sure to happen or to be true: no guarantee of sth/not a guarantee of sth Laboratory testing of a new drug is not a guarantee of safety.a guarantee that There is no guarantee that the discussions will lead to a deal.
[C] a promise from someone that something will be done or will happen: a guarantee that The CEO gave employees a guarantee that he would keep the factory open at all costs.
[C] BANKING something valuable that you offer to someone with the agreement that they can keep it if you fail to pay a loan or do what you promise: a guarantee against sth The mortgage borrower provides the house as a guarantee against the loan.
→  See also bank guarantee , bank guarantee fund , cheque guarantee card , company limited by guarantee , cross guarantee , debt guarantee , export credit guarantee , financial guarantee insurance , performance guarantee
(Definition of guarantee noun from the Cambridge Business English Dictionary © Cambridge University Press)
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