"guarantee debts" is a correct phrase that can be used in written English.
You can use it when referring to the situation in which one person is liable for the debts of another person, usually as a result of signing an agreement to do so. For example, "He was willing to guarantee his sister's debts in order to help her get out of financial trouble."
Ireland's government has money, but its banks are drowning in debt, and the government has vowed to guarantee debts, making the state itself vulnerable.
A major factor in that recovery was the government's announcement last December that it would guarantee debts owed by and securities issued by Fannie and Freddie, according to David Crowe, chief economist at the National Association of Home Builders.
Citing deepening problems in the mortgage market, Standard & Poor's cut the rating of one troubled bond insurer on Wednesday and assigned a negative outlook to four other companies that guarantee debts linked to home loans.
Citing deepening problems in the mortgage market, Standard & Poor's cut the rating of one troubled bond insurer Wednesday and assigned a negative outlook to ratings of four other companies that guarantee debts tied to home loans.
Cities like Moberly that guarantee debts for entities that borrow for projects like parking garages and hockey arenas often "don't understand that they are responsible for making these payments," said Matt Fabian, managing director of Municipal Market Advisors, a research and consulting firm.
Bridgestone shares were off 2% in morning trading following news the tire company is one of 19 Japanese suppliers to the auto industry asking the U.S. government to guarantee debts from General Motors and Chrysler.
And if the government decides to guarantee debt, it should guarantee the debt of banks, not of holding companies.
The agency not only sharply increased deposit insurance limits, but also said it would guarantee debt issued by banks.
One channel of contagion involves monoline bond insurers, the specialized insurance companies that are supposed to guarantee debt.
Mr. Geithner, in the words of one participant, was "hell bent" on a plan to use the Federal Deposit Insurance Corporation to guarantee debt issued by bank holding companies.
Somewhere between $175bn to $200bn of that would go toward grants for states that guarantee debt-free tuition at four-year public colleges and universities.
