What is Absolute Guaranty?

Legal Definition
The agreement where the borrower guarantees absolutely that the repayments will be made on the loan or the contract where one party absolutely agrees to pay due monies.
Legal Definition
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
-- Black's Law Dictionary