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Definitions of guarantee

(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

The guarantee does not cover your phone for water damage.

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

The parent company refused to issue a guarantee on behalf of its subsidiary.

a promise that something will be done or that something is true

The Consumer Guarantees Act (CGA) sets out certain guarantees that goods have to meet.