guarantee is a masculine noun that means a surety given by third to payment of a bill of exchange, of which he is neither a drawer, nor an acceptor, nor an endorser.
In a figurative sense, an endorsement can be an authorization, moral or intellectual support in relation to something or someone.
Example: He was elected because his candidacy had the support of the most powerful businessmen in the city.
The surety is an exchange guarantee of a commercial nature, where the giver of the surety is responsible in the same way as the person guaranteed by it. The person giving the guarantee agrees to pay the amount, when this payment is not made by the debtor.
The guarantee has the same purpose, to guarantee the payment commitment made by another person, if this person does not pay.
Although suretyship and surety serve the same purpose, there are some differences between suretyship and suretyship. The guarantee is only valid when it is expressed in writing. In the case of surety, the creditor can request its replacement, which does not happen with someone who has a credit title, and cannot ask for the replacement of the guarantee. In the case of suretyship, the guarantor can determine an expiration date for the surety, something that does not happen in the case of suretyship. The surety is a more comprehensive measure that can be applied to contracts in general and not just to guarantee debt securities.