guarantee payment

guarantee payment
guarantee payment noun
A payment ordered by statute to be paid to an employee by his or her employer where the employee has been laid off or put on short-time working
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Main Entry:guarantee

Useful english dictionary. 2012.

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  • guarantee — gua·ran·tee /ˌgar ən tē, ˌgär / n [probably alteration of guaranty] 1: guarantor 2: guaranty (1) 3: an assurance that a condition will be fulfilled: as …   Law dictionary

  • payment — noun 1 paying/being paid ADJECTIVE ▪ immediate (esp. BrE), prompt ▪ late ▪ penalties for late payment of tax ▪ early (esp. BrE) ▪ …   Collocations dictionary

  • payment banks — These are CREST Participants who guarantee payment for securities delivered to their client via CREST. Payment banks respond to instructions from members CMAs (see Cash Memorandum Account). All cash movements are effected outside CREST by… …   Financial and business terms

  • Guarantee — Guar an*tee , n.; pl. {Guarantees}. [For guaranty, prob. influenced by words like assignee, lessee, etc. See {Guaranty}, and cf. {Warrantee}.] 1. In law and common usage: A promise to answer for the payment of some debt, or the performance of… …   The Collaborative International Dictionary of English

  • guarantee — n Guarantee, guaranty, surety, security, bond, bail are comparable when they mean either something that is given or pledged as assurance of one s responsibility (as for the payment of a debt, the fulfillment of a promise or obligation, or the… …   New Dictionary of Synonyms

  • Guarantee — Guar an*tee , v. t. [imp. & p. p. {guaranteed}; p, pr. & vb. n. {Guaranteeing}.] [From {Guarantee}, n.] 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… …   The Collaborative International Dictionary of English

  • guarantee — See guaranty. American Banker Glossary The assumption of responsibility for payment of a debt or performance of some obligation if the liable party fails to perform to expectations. Bloomberg Financial Dictionary Financial security required for… …   Financial and business terms

  • guarantee — {{Roman}}I.{{/Roman}} noun 1 written promise by a company ADJECTIVE ▪ full ▪ The company offers a full money back guarantee. ▪ lifetime, three year, two year, etc …   Collocations dictionary

  • guarantee — 1 verb (T) 1 PROMISE STH WILL HAPPEN to promise that something will certainly happen or be done: guarantee (that): Take this opportunity, and I guarantee you won t regret it. | guarantee sth: The authorities could not guarantee the safety of the… …   Longman dictionary of contemporary English

  • guarantee — /gærənˈti / (say garuhn tee) noun 1. a warrant, pledge, or promise accepting responsibility for the discharging of another s liabilities, as the payment of a debt. 2. a promise or assurance, especially one given in writing by a manufacturer, that …  

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