GRACE n.
ollowing the day when a bill or note becomes due, which days are allowed to the debtor or payer to make payment in. In Great Britain and the United States, the days of grace are three, but in some countries more, the usages of merchants being different. -- Good graces, favor; friendship. -- Grace cup. (a) A cup or ve…
GUARANTEE n. 2 definitions
In law and common usage: A promise to answer for the payment of some debt, or the performance of some duty, in case of the failure of another person, who is, in the first instance, liable to such payment or performance; an engagement which secures or insures another against a contingency; a warranty; a security. Same a…