According to Statista, the global coffee industry is worth US$363 billion in 2020. The market grows annually by 10.6%, and 78% of revenue came from out-of-home establishments like cafes and coffee beverage retailers.
GUARANTEE
guarantee, warrant, warrantee, warranty
(noun) a written assurance that some product or service will be provided or will meet certain specifications
guarantee
(noun) an unconditional commitment that something will happen or that something is true; “there is no guarantee that they are not lying”
guarantee, guaranty
(noun) a collateral agreement to answer for the debt of another in case that person defaults
undertake, guarantee
(verb) promise to do or accomplish; “guarantee to free the prisoners”
guarantee, vouch
(verb) give surety or assume responsibility; “I vouch for the quality of my products”
guarantee, ensure, insure, assure, secure
(verb) make certain of; “This nest egg will ensure a nice retirement for us”; “Preparation will guarantee success!”
guarantee, warrant
(verb) stand behind and guarantee the quality, accuracy, or condition of; “The dealer warrants all the cars he sells”; “I warrant this information”
Source: WordNet® 3.1
Etymology
Noun
guarantee (plural guarantees)
Anything that assures a certain outcome.
A legal assurance of something, e.g. a security for the fulfillment of an obligation.
More specifically, a written declaration that a certain product will be fit for a purpose and work correctly; a warranty
The person to whom a guarantee is made.
(colloquial) A person who gives such a guarantee; a guarantor.
Verb
guarantee (third-person singular simple present guarantees, present participle guaranteeing, simple past and past participle guaranteed)
To give an assurance that something will be done right.
To assume or take responsibility for a debt or other obligation.
To make something certain.
Synonyms
• assure
• warrant
Source: Wiktionary
Guar`an*tee", n.; pl. Guarantees. Etym: [For guaranty, prob. influenced by words like assignee, lessee, etc. See Guaranty, and cf. Warrantee.]
1. 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 as Guaranty. His interest seemed to be a guarantee for his zeal. Macaulay.
2. One who binds himself to see an undertaking of another performed; a guarantor. South.
Note: Guarantor is the correct form in this sense.
3. (Law)
Definition: The person to whom a guaranty is made; -- the correlative of guarantor.
Syn.
– Guarantee, Warranty. A guarantee is an engagement that a certain act will be done or not done in future. A warranty is an engagement as to the qualities or title of a thing at the time of the engagement.
Guar"an*tee`, v. t. [imp. & p. p. guaranteed; p, pr. & vb. n. Guaranteeing.] Etym: [From Guarantee, n.]
Definition: In law and common usage: to undertake or engage for the payment of (a debt) or the performance of (a duty) by another person; to undertake to secure (a possession, right, claim, etc.) to another against a specified contingency, or at all avents; to give a guarantee concerning; to engage, assure, or secure as a thing that may be depended on; to warrant; as, to guarantee the execution of a treaty. The United States shall guarantee to every State in this Union a republican form of government. Constitution of the U. S.
Source: Webster’s Unabridged Dictionary 1913 Edition
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Coffee Trivia
