/ˈɡærənti/ – nounverb
Definition: 1. việc bảo lãnh, bảo lãnh, đóng tiền bảo lãnh;
2. bảo đảm, bảo hành.
A more thorough explanation: 1. (of a consumer good) a document provided by a manufacturer saying that the good will be repaired or replaced if it stops working within a certain period of time
2. a formal promise by a guarantor to a creditor to accept the responsibility for the principal debtor’s debt if that person cannot pay it; a collateral agreement for the performance of another party’s promise
3. a promise that something will be done
Example: The guaranty provided by the manufacturer ensures that the product will be free from defects for a period of one year.