Absolute guaranty
Black's Law Dictionary · Henry Campbell Black, M.A. · 1910
Black's Law Dictionary
An unconditional promise of payment or performance on the default of the principal.
Mast v. Lehman, 100 Ky. 466, 38 S. W. 1056 ; Beardsley v. Hawes, 71 Co.nn. 39, 40 Atl. 1043; Farmers' Bank v. Tatnall, 7 Houst. (Del.) 287, 31 Atl. 879; Es-berg-Bachman Tobacco Co. v. Heid (D. C) 62 Fed. 962