Guarantee
Type: noun
Pronunciation: /gair-uhn-tee/
Also spelled or known as: Performance Guarantee
Plural: Guarantees
Related: Concert Fees
What does Guarantee mean? A fixed payment promised or paid to an artist or performer.
In live music, a guarantee is usually paid regardless of ticket sales, unless the agreement says otherwise.
Guarantee synonyms: Performance Guarantee, Guaranteed Fee, Fixed Fee
Example sentence: “The artist received a $10,000 guarantee for the show.”
PRE-ORDER RECORDING BUSINESS DICTIONARY