What Is a Guarantor? Definition, Example, and Responsibilities
WEBMay 24, 2023 · A guarantor is a financial term describing an individual who promises to pay a borrower's debt if the borrower defaults on their loan obligation. Guarantors...
Guarantor Definition & Meaning - Merriam-Webster
WEB1. : one that gives a guaranty (see guarantee entry 1 sense 3) 2. : one that guarantees. Synonyms. backer. patron. sponsor. surety. See all Synonyms & Antonyms in Thesaurus. Examples of guarantor in a Sentence. the town police force is the guarantor of our safety.
GUARANTOR | English meaning - Cambridge Dictionary
WEBsomeone who formally accepts responsibility for you or for something that belongs to you: You must have a guarantor in order to get a visa to enter the country. finance & …
GUARANTOR | definition in the Cambridge English Dictionary
WEBsomeone who formally accepts responsibility for you or for something that belongs to you: You must have a guarantor in order to get a visa to enter the country. finance & …
What Is a Guarantor? - The Balance
WEBApr 17, 2022 · Pros and Cons of Guarantors. Photo: ONOKY - Eric Audras / Getty Images. Definition. A guarantor is an individual or business that guarantees repayment of a debt. If the borrower defaults on their payment, the lender may require the guarantor to pay.
GUARANTOR Definition & Meaning | Dictionary.com
WEBGuarantor definition: a person, group, system, etc., that guarantees. . See examples of GUARANTOR used in a sentence.
What Is A Guarantor? Definition, Example, And Responsibilities
WEBDec 3, 2023 · A guarantor is an individual who agrees to be legally responsible for another person’s financial obligations if that person fails to fulfill them. This means that the guarantor is essentially offering a guarantee to the lender that the borrower will meet their financial commitments. Think of a guarantor as a safety net.
guarantor noun - Definition, pictures, pronunciation and usage …
WEBDefinition of guarantor noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
guarantor | Wex | US Law | LII / Legal Information Institute
WEBA guarantor is a person or entity that assumes the financial obligation of another party in the event that the original party is unable to fulfill their obligation. In the context of lending, a financial creditor may require the borrower to find a …
Guarantor - Definition, Meaning & Synonyms | Vocabulary.com
WEBA guarantor is a person who helps someone who's borrowing money by promising to pay it back to the lender if the borrower is unable to. Sometimes you also need a guarantor to rent an apartment. If you're young, don't have a regular job, have a bad credit score, or don't have much money in the bank, you may need a guarantor in order to get a ...
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