Guaranty
Department of Veterans Affairs
Updated 10-31-2026
Guaranty
(noun) The VA Guaranty is a promise that the Federal Government will pay lenders a proportion of the value of the loan in cases of default and foreclosure. The guaranty allows borrowers NOT to pay for mortgage insurance for the life of the loan.
Department of Veterans Affairs Glossary of Terms
Department of Veterans Affairs · p. 1
ABA
Updated 10-31-2026
Guaranty
the agreement of a person or entity to pay amounts due, or otherwise perform the obligations, of another person or entity (for example, the promise by Tom to pay the loan Dick owes to Harry).
American Bar Association Glossary of Real Estate Terms
ABA · p. 5
California Association of Realtors
Updated 10-31-2026
Guaranty
A promise by one party to pay a debt or perform an obligation contracted by another if the original party fails to pay or perform according to a contract.
California Association of Realtors Glossary
California Association of Realtors · p. 6
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