Guarantee
Guarantee means to undertake collaterally to answer for the payment of another's debt or the performance of another's duty, liability, or obligation, including, without limitation, the obligations of affiliated companies. Some examples of such guarantees would include:
(1) Guarantees of payment or collection on a note or other debt instrument;
(2) Issuing performance bonds or completion bonds; or
(3) Cosigning leases or other obligations of third parties.