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Guarantee vs. Collateral — What's the Difference?

Guarantee vs. Collateral — What's the Difference?

Difference Between Guarantee and Collateral

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Guarantee

Guarantee is a legal term more comprehensive and of higher import than either warranty or "security". It most commonly designates a private transaction by means of which one person, to obtain some trust, confidence or credit for another, engages to be answerable for him.

Collateral

Something pledged as security for repayment of a loan, to be forfeited in the event of a default
She put her house up as collateral for the bank loan

Guarantee

A formal assurance (typically in writing) that certain conditions will be fulfilled, especially that a product will be repaired or replaced if not of a specified quality
The treaty provides a guarantee of free trade
We offer a 10-year guarantee against rusting

Collateral

A person having the same ancestor as another but through a different line.

Guarantee

An undertaking to answer for the payment or performance of another person's debt or obligation in the event of a default by the person primarily responsible for it.
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Collateral

Additional but subordinate; secondary
The collateral meanings of a word

Guarantee

Provide a formal assurance, especially that certain conditions will be fulfilled relating to a product, service, or transaction
The company guarantees to refund your money

Collateral

Descended from the same stock but by a different line
A collateral descendant of Robert Burns

Guarantee

Promise with certainty
No one can guarantee a profit on stocks and shares

Collateral

Situated side by side; parallel
Collateral veins

Guarantee

Something that assures a particular outcome or condition
Lack of interest is a guarantee of failure.

Collateral

Situated or running side by side; parallel.

Guarantee

A promise or assurance, especially one given in writing, that attests to the quality or durability of a product or service.

Collateral

Coinciding in tendency or effect; concomitant or accompanying.

Guarantee

A pledge that something will be performed in a specified manner.

Collateral

Serving to support or corroborate
Collateral evidence.

Guarantee

A guarantor.

Collateral

Of a secondary nature; subordinate
Collateral target damage from a bombing run.

Guarantee

A guaranty.

Collateral

Of, relating to, or guaranteed by a security pledged against the performance of an obligation
A collateral loan.

Guarantee

To assume responsibility for the debt, default, or miscarriage of.

Collateral

Having an ancestor in common but descended from a different line.

Guarantee

To assume responsibility for the quality or performance of
Guarantee a product.

Collateral

Property acceptable as security for a loan or other obligation.

Guarantee

To undertake to do, accomplish, or ensure (something) for another
Guaranteed to free the captives.
Guarantees freedom of speech.

Collateral

A collateral relative.

Guarantee

To make certain
The rain guarantees a good crop this year.

Collateral

Parallel, along the same vein, side by side.

Guarantee

To guaranty.

Collateral

Corresponding; accompanying, concomitant.

Guarantee

To furnish security for.

Collateral

Being aside from the main subject, target, or goal.
Although not a direct cause, the border skirmish was certainly a collateral incitement for the war.
Collateral damage

Guarantee

To express or declare with conviction
I guarantee that you'll like this book.

Collateral

(genealogy) Of an indirect ancestral relationship, as opposed to lineal descendency.
Uncles, aunts, cousins, nephews and nieces are collateral relatives.

Guarantee

Anything that assures a certain outcome.
Can you give me a guarantee that he will be fit for the match?

Collateral

(finance) Relating to a collateral in the sense of an obligation or security.

Guarantee

A legal assurance of something, e.g. a security for the fulfillment of an obligation.

Collateral

(finance) Expensive to the extent of being paid through a loan.

Guarantee

More specifically, a written declaration that a certain product will be fit for a purpose and work correctly; a warranty
The cooker comes with a five-year guarantee.

Collateral

Coming or directed along the side.
Collateral pressure

Guarantee

The person to whom a guarantee is made.

Collateral

Acting in an indirect way.

Guarantee

(colloquial) A person who gives such a guarantee; a guarantor.

Collateral

Having the phloem and xylem adjacent.

Guarantee

To give an assurance that something will be done right.

Collateral

(finance) A security or guarantee (usually an asset) pledged for the repayment of a loan if one cannot procure enough funds to repay.

Guarantee

To assume or take responsibility for a debt or other obligation.

Collateral

A collateral (not linear) family member.

Guarantee

To make something certain.
The long sunny days guarantee a good crop.

Collateral

(anatomy) A branch of a bodily part or system of organs.
Besides the arteries blood streams through numerous veins we call collaterals.

Guarantee

In law and common usage: A promise to answer for the payment of some debt, or the performance of some duty, in case of the failure of another person, who is, in the first instance, liable to such payment or performance; an engagement which secures or insures another against a contingency; a warranty; a security. Same as Guaranty.
His interest seemed to be a guarantee for his zeal.

Collateral

(marketing) Printed materials or content of electronic media used to enhance sales of products (short form of collateral material).

Guarantee

One who binds himself to see an undertaking of another performed; a guarantor.

Collateral

(anatomy) A thinner blood vessel providing an alternate route to blood flow in case the main vessel becomes occluded.

Guarantee

The person to whom a guaranty is made; - the correlative of guarantor.

Collateral

(archaic) A contemporary or rival.

Guarantee

In law and common usage: to undertake or engage for the payment of (a debt) or the performance of (a duty) by another person; to undertake to secure (a possession, right, claim, etc.) to another against a specified contingency, or in all events; to give a guarantee concerning; to engage, assure, or secure as a thing that may be depended on; to warrant; as, to guarantee the execution of a treaty.
The United States shall guarantee to every State in this Union a republican form of government.

Collateral

Coming from, being on, or directed toward, the side; as, collateral pressure.

Guarantee

A written assurance that some product or service will be provided or will meet certain specifications

Collateral

Acting in an indirect way.
If by direct or by collateral handThey find us touched, we will our kingdom give . . . To you in satisfaction.

Guarantee

A pledge that something will happen or that something is true;
There is no guarantee that they are not lying

Collateral

Related to, but not strictly a part of, the main thing or matter under consideration; hence, subordinate; not chief or principal; as, collateral interest; collateral issues.
That he [Attebury] was altogether in the wrong on the main question, and on all the collateral questions springing out of it, . . . is true.

Guarantee

A collateral agreement to answer for the debt of another in case that person defaults

Collateral

Tending toward the same conclusion or result as something else; additional; as, collateral evidence.
Yet the attempt may giveCollateral interest to this homely tale.

Guarantee

Give surety or assume responsibility;
I vouch for the quality of my products

Collateral

Descending from the same stock or ancestor, but not in the same line or branch or one from the other; - opposed to lineal.

Guarantee

Make certain of;
This nest egg will ensure a nice retirement for us
Preparation will guarantee success!

Collateral

A collateral relative.

Guarantee

Promise to do or accomplish;
Guarantee to free the prisoners

Collateral

Collateral security; that which is pledged or deposited as collateral security.

Guarantee

Stand behind and guarantee the quality, accuracy, or condition of;
The dealer warrants all the cars he sells
I warrant this information

Collateral

A security pledged for the repayment of a loan

Collateral

Descended from a common ancestor but through different lines;
Cousins are collateral relatives
An indirect descendant of the Stuarts

Collateral

Serving to support or corroborate;
Collateral evidence

Collateral

Accompaniment to something else;
Collateral target damage from a bombing run

Collateral

Situated or running side by side;
Collateral ridges of mountains

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