- guarantor
- One who makes a legally binding secondary promise to pay the debts of another or to perform another person's duty if that person fails to perform it. See guaranty.
Business law dictionary. 2015.
guarantor
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guarantor — guar·an·tor /ˌgar ən tȯr, ˌgär ; gar ən tər, gär / n: one that makes or gives a guaranty Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. guarantor … Law dictionary
guarantor — An individual or a corporation that guarantees the debt of another. (Bernstein s Dictionary of Bankruptcy Terminology) A person who pledges collateral for the contract of another or who guarantees to pay a certain debt of a debtor if the debtor… … Glossary of Bankruptcy
Guarantor — Guar an*tor , n. [See {Guaranty}, and cf. {Warrantor}.] (Law) (a) One who makes or gives a guaranty; a warrantor; a surety. (b) One who engages to secure another in any right or possession. [1913 Webster] … The Collaborative International Dictionary of English
guarantor — 1853, from GUARANTEE (Cf. guarantee) with Latinate agent noun suffix or substituted for ee … Etymology dictionary
guarantor — surety, *sponsor, patron, backer, angel Analogous words: *guarantee … New Dictionary of Synonyms
guarantor — is a person, bank, etc., that gives a guarantee or guaranty … Modern English usage
guarantor — ► NOUN ▪ a person or organization that gives or acts as a guarantee … English terms dictionary
guarantor — [gar′ən tôr΄, gar΄ən tôr′] n. a person who makes or gives a guaranty or guarantee … English World dictionary
guarantor — A party who will guarantee repayment or performance of a covenant. Bloomberg Financial Dictionary The person who undertakes to pay to HM Customs and Excise a sum of money up to the level of a guarantee, for example a bank or a building society.… … Financial and business terms
guarantor — UK [ˌɡærənˈtɔː(r)] / US [ˌɡerənˈtɔr] / US [ˈɡerəntər] noun [countable] Word forms guarantor : singular guarantor plural guarantors formal someone who makes an official agreement to be responsible for money that someone else owes, or for someone… … English dictionary
Guarantor — A person who guarantees to pay for someone else s debt if he or she should default on a loan obligation. Usually, people with poor credit can only get a loan if they have a guarantor … Investment dictionary
