A "guaranty" is a promise or agreement given by someone to take responsibility for something or to ensure a certain outcome. It is a commitment to provide assurance or guarantee that a certain event or result will happen. Full definition
Because policy holders can not control how financially responsible their company is, a certain level of benefits are guaranteed by the Life & Health Insurance Guaranty Association of Pennsylvania. (lifeant.com)
NSLP is a non-profit national student loan guaranty agency in the Federal Family Education Loan (FFEL) program. (nslp.org)
The insurers are surplus lines carriers and are not backed by any state insurance guaranty fund if they become insolvent. (progressive.com)