guarantee

Also defined in

• Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council of 18 July 2018 on the financial rules… 32018R1046, Article 2, point (34)
  a written commitment to assume responsibility for all or part of a third party’s debt or obligation or for the successful performance by that third party of its obligations if an event occurs which triggers such guarantee, such as a loan default
• Directive 1999/44/EC of the European Parliament and of the Council of 25 May 1999 on certain aspects of the sale of… 31999L0044, Article 1(2), point (e)
  any undertaking by a seller or producer to the consumer, given without extra charge, to reimburse the price paid or to replace, repair or handle consumer goods in any way if they do not meet the specifications set out in the guarantee statement or in the relevant advertising;
• Directive 2014/17/EU of the European Parliament and of the Council of 4 February 2014 on credit agreements for… 02014L0017-20231230, Article 4, point (24)
  (24) ‘Contingent liability or guarantee’ means a credit agreement which acts as a guarantee to another separate but ancillary transaction, and where the capital secured against an immovable property is only drawn down if an event or events specified in the contract occur.