Underwriting vs Guarantee - What's the difference?
underwriting | guarantee |
Anything that assures a certain outcome.
A written declaration that a certain product will be fit for a purpose and work correctly.
A person who gives such a guarantee; a guarantor.
The person to whom a guarantee is made.
To assure that something will get done right.
To assume responsibility for a debt.
To make something certain.
As verbs the difference between underwriting and guarantee
is that underwriting is while guarantee is to assure that something will get done right.As nouns the difference between underwriting and guarantee
is that underwriting is the act of something being underwritten financially while guarantee is anything that assures a certain outcome.guarantee
English
Noun
(en noun)- Can you give me a guarantee that he will be fit for the match?
- The cooker comes with a 5-year guarantee .
- (South)
Verb
(d)- The long sunny days guarantee a good crop.