Absolute Guarantee Limited Time: An Absolute Guarantee with a Limited Time, states that one party will guaranty payment for another party. However, he/she has placed both a time and amount limit on the guarantee. If the Debtor borrows money from the Lendor outside of the time period, or above the monetary limit, the Guarantor will not be liable to the Creditor for that amount. This form is available for download in both Word and Rich Text formats.