/gærənˈtiː əv ɪnˈdetɪdnəs/ – Phrase
Definition: Bảo đảm nghĩa vụ thanh toán.
A more thorough explanation: a formal promise to accept the responsibility for a particular debt if the person who owes the money does not pay it back
Example: You provided our client, Garner Hardware Co., with a guarantee of indebtedness for Mr Bryan Webster. Our client then granted Mr Webster over $37 000 of credit secured against the guarantee.